Glen Burnie Bancorp (NASDAQ: GLBZ), parent company of The Bank of Glen Burnie, today announced that on March 14, 2013 its Board of Directors declared a regular dividend of ten cents ($0.10) per share of common stock. This action marks the company’s 83 rd consecutive dividend. The regular dividend is payable on April 5, 2013 to shareholders of record at the close of business on March 29, 2013. As of March 15, 2013, Glen Burnie Bancorp had 2,736,978 common shares outstanding with approximately 415 shareholders of record. Glen Burnie Bancorp will host its Annual Meeting of Stockholders at 2:30 p.m. on Thursday, May 9, 2013 at The Bank of Glen Burnie’s Glen Burnie branch office at 101 Crain Highway, South in Glen Burnie, Maryland. Glen Burnie Bancorp, parent company to The Bank of Glen Burnie ®, currently maintains consolidated assets totaling more than $380 million. Founded in 1949, The Bank of Glen Burnie ® is a locally-owned community bank with eight branch offices serving Anne Arundel County. ( www.thebankofglenburnie.com) Certain information contained in this news release, which does not relate to historical financial information, may be deemed to constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.Such statements are subject to certain risks and uncertainties, which could cause the company’s actual results in the future to differ materially from its historical results and those presently anticipated or projected.For a more complete discussion of these and other risk factors, please see the company’s reports filed with the Securities and Exchange Commission.
Looking at the universe of stocks we cover at Dividend Channel, on 12/24/14, Glen Burnie Bancorp will trade ex-dividend, for its quarterly dividend of $0.10, payable on 1/8/15. As a percentage of GLBZ's recent stock price of $12.20, this dividend works out to approximately 0.82%, so look for shares of Glen Burnie Bancorp to trade 0.82% lower — all else being equal — when GLBZ shares open for trading on 12/24/14.