Potomac Bancshares Declares $0.15 Quarterly Cash Dividend
Potomac Bancshares board approves a $0.15 per-share quarterly cash dividend on common stock at its October meeting.
Potomac Bancshares, Inc. (OTC: PTBS), the Charles Town, West Virginia-based holding company for Potomac Bank, announced Wednesday that its board of directors has approved a quarterly cash dividend of $0.15 per share on common stock, the decision coming out of the company's October board meeting.
The declaration signals continued confidence from the bank's leadership in the institution's financial position and its ability to return capital to shareholders on a regular basis. Regional bank holding companies of Potomac Bancshares' size often use consistent dividend declarations as a signal of operational stability to investors in the over-the-counter market, where the stock trades under the ticker PTBS.
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No additional financial details regarding the payment date or record date were included in the initial announcement, though such information is typically disclosed alongside or shortly after a formal dividend declaration for OTC-listed banking institutions.
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