SOUTHAMPTON, PA — Quaint Oak Bancorp Inc. (OTCQB: QNTO) will pay a quarterly cash dividend of 4 cents per common share on November 9, continuing shareholder distributions at the Pennsylvania banking company’s board-approved rate.
The company said its board of directors declared the dividend on October 14. Shareholders of record at the close of business on October 26 will be eligible to receive the payment.
The dividend represents an annualized distribution of 16 cents per share if maintained over four quarters. Future dividends remain subject to board approval.
Quaint Oak Bancorp is the parent company of Quaint Oak Bank, a Pennsylvania-chartered savings bank headquartered in Southampton, Bucks County.
The bank operates three regional offices serving the Delaware Valley, Lehigh Valley and Philadelphia markets.
Its financial services subsidiaries include Quaint Oak Abstract LLC, Quaint Oak Insurance Agency LLC, Quaint Oak Mortgage LLC and Oakmont Commercial LLC, which specializes in commercial real estate financing.
The subsidiaries operate across multiple states, extending the company’s activities beyond traditional banking into mortgage lending, insurance, title services and commercial property finance.
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