AmeriServ Financial, Inc Declares Quarterly Cash Dividends on Common Shares
AmeriServ Financial, Inc. (NASDAQ: ASRV) reported that its board of directors has pronounced a normal quarterly stock dividend of $ 0.025 per share. The cash benefit is payable on November 22, 2021 to investors registered on November 8, 2021. This cash benefit corresponds to an annualized return of 2.55% using the normal closing cost of October 21, 2021 of $ 3.92. For the first nine months of 2021, the Company’s dividend payout proportion amounted to 24.2%. AmeriServ Financial, Inc. is the parent company of AmeriServ Financial Bank and AmeriServ Trust and Financial Services Company in Johnstown.
The Company’s subsidiaries provide full banking and wealth management services through seventeen community offices in southwestern Pennsylvania and in Hagerstown, Maryland. The Company also operates loan production offices in Altoona and Monroeville, Pennsylvania. As of September 30, 2021, AmeriServ had total assets of $ 1.34 billion and a book value of $ 6.66 per common share.
This press release contains forward-looking statements as defined in the Securities Exchange Act of 1934 and is subject to the security rules created therein. Forward-looking statements contained in this document include, without limitation, information regarding AmeriServ’s dividend program and future payment obligations. These forward-looking statements involve risks and uncertainties that could cause AmeriServ’s results to differ materially from management’s current expectations. These risks and uncertainties are detailed in documents filed by AmeriServ with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2020. Forward-looking statements are based on beliefs and assumptions made by AmeriServ management and information currently available. Statements contained in this press release are made as of the date of this press release, even if subsequently made available by AmeriServ on its website or otherwise. AmeriServ assumes no responsibility to publicly update or revise any forward-looking statement.
Summary of the news:
- AmeriServ Financial, Inc. declares quarterly cash dividends on common shares
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