ELMIRA — Elmira Savings Bank (NASDAQ: ESBK) announced that its board of directors has declared a cash dividend of 23 cents a share on its existing common shares outstanding. The dividend will be paid on Sept. 14 to shareholders of record on Sept. 7. At the banking company’s current stock price, the dividend yields more […]
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ELMIRA — Elmira Savings Bank (NASDAQ: ESBK) announced that its board of directors has declared a cash dividend of 23 cents a share on its existing common shares outstanding.
The dividend will be paid on Sept. 14 to shareholders of record on Sept. 7. At the banking company’s current stock price, the dividend yields more than 4.25 percent on an annual basis.
Elmira Savings Bank, with $568 million in total assets, is a state-chartered bank with six branches in Chemung County, three offices in Tompkins County, two branches in Steuben County, one office in Cayuga County, one branch in Schuyler County, and a loan center in Broome County.
The Elmira–based banking company in June paid out a 5 percent stock dividend on existing common shares outstanding and a cash dividend of 23 cents a share on newly issued and existing shares.
Elmira Savings Bank earned $1.16 million in net income in the second quarter, up from $1.11 million in the same period in 2017. For the first six months of the year, it generated $2.29 million in net income, up from $2.19 million in the year-prior period.