ELMIRA, N.Y. — Elmira Savings Bank (NASDAQ: ESBK) has declared a cash dividend of 23 cents a share of its common stock. The banking company will pay the dividend on March 20 to shareholders of record on March 11.
“We are very pleased to continue to reward our common stock shareholders with a cash dividend. Our current dividend level represents a 4% dividend yield,” Thomas M. Carr, president and CEO of Elmira Savings Bank, said in a news release.
The dividend is the same amount that Elmira Savings Bank has paid in each of the last four quarters.
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Elmira Savings Bank, with nearly $560 million in total assets, is a state-chartered bank with six branches in Chemung County, three branch offices and a loan center in Tompkins County, two branches in Steuben County, one office in Cayuga County, one branch in Schuyler County, and one loan center each in Cortland County and Broome County.