QNB Corp.

02/28/2012 | Press release | Archived content

QNB Corp. Increases Dividend

QUAKERTOWN, Pa., Feb. 28, 2012/PRNewswire/ -- The Board of Directors of QNB Corp. (OTC Bulletin Board: QNBC), parent company of QNB Bank, at a regular meeting on February 28, 2012declared a quarterly cash dividend of $0.26per share. The amount represents a 4.0% increase from the prior quarter. Based upon the closing price of a share as of close of business February 27, 2012, this represents a yield of 4.5%. The cash dividend is payable on March 30, 2012to shareholders of record March 16, 2012.

"As a result of the continued strong financial performance of QNB Corp., as represented by the second consecutive year of record earnings, the Board of Directors is pleased to be able to increase the dividend by 4.0%. As a result of its well capitalized position, QNB Corp. is able to continue its uninterrupted history of quarterly dividends," said Thomas J. Bisko, Chief Executive Officer.

QNB Corp. offers commercial and retail banking services through the nine banking offices of its subsidiary, QNB Bank. In addition, QNB Bank provides retail brokerage services through Raymond James Financial Services, Inc. and title insurance as a member of Laurel Abstract Company LLC. QNB Corp.'s stock is traded in the over-the-counter market under the symbol "QNBC." For more information, visit QNB's web site at www.QNB.com.

SOURCE QNB Corp.