Princeton Bancorp raised its quarterly cash dividend by 14.3%, to 40 cents per share from 35 cents. The bank holding company said the increase reflects management’s and the board’s confidence in its performance and commitment to shareholder returns.
- Payment dates: The dividend is payable November 25 to shareholders of record at the close of business on November 11.
- Future payouts: The board reviews and declares dividends each quarter. Future payments will depend on the company’s financial condition and applicable legal and regulatory restrictions; dividends may be reduced or discontinued.
- Company context: Princeton Bancorp is the parent of The Bank of Princeton, a community bank with branches in New Jersey, the Philadelphia area and the New York City metropolitan area.
The increase raises the current quarterly payout, but does not commit the company to maintaining it in future quarters.