Burke & Herbert Bank Declares Quarterly Dividend
Per Share Dividend Up From Last Quarter and Last Year
Alexandria, VA – Burke & Herbert Bank announced today that the Bank’s Board of Directors declared a dividend per share of $18.00 payable on June 1, 2012 to shareholders of record as of the close of business on May 15, 2012. This dividend is up by $1.00 per share from the dividend paid on March 1, 2012, and is up by $0.50 per share from the dividend paid at the same time last year.
“We are pleased that the Bank continues to enjoy solid financial results and to deliver value for our shareholders,” said E. Hunt Burke, the Bank’s Chairman & Chief Executive Officer. “We have enjoyed a strong start for 2012, following a terrific 2011, the fourth consecutive year in which we posted record earnings.”
Net income for the first quarter of 2012 reached $8.8 million, up 3.1% from the same quarter one year ago.
Burke & Herbert Bank, established in 1852, is the oldest bank in the Commonwealth of Virginia and the oldest continuously operating bank in the Washington, D.C. area. The Bank offers a full range of personal and business banking products along with investment accounts and trust services. Burke & Herbert Bank is headquartered in Alexandria and operates 25 branches in Northern Virginia.
Trust products and services are not deposits, are not insured by the FDIC or any other government agency, are not guaranteed by the Bank and may lose value.