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ELMER, N.J. - Elmer Bancorp, Inc. (OTC Pink: ELMA), the parent company of The First National Bank of Elmer, announced today that its Board of Directors has declared a special cash dividend. The dividend of $0.10 per common share, which adds to the current dividend yield of 1.78%, is scheduled to be paid on March 3, 2025, to shareholders on record by the close of business on February 14, 2025. According to InvestingPro analysis, the stock is currently trading below its Fair Value, suggesting potential upside for investors.
Brian W. Jones, President and CEO of Elmer Bancorp, remarked on the bank’s performance, stating, "2024 proved to be another year of outstanding earnings for the bank." Jones expressed the company’s gratitude towards its shareholders, attributing the special dividend to their continued support and loyalty. The company’s stock has demonstrated strong performance, delivering a 20.84% return over the past year, with revenue reaching $15.72M in the last twelve months.
The First National Bank of Elmer, established in 1903, operates as a community bank dedicated to serving the needs of retail customers and small to mid-sized businesses. It maintains a network of six full-service branch offices across Cumberland, Gloucester, and Salem Counties, with its main office located in Elmer, New Jersey. The bank assures its customers that deposits are insured up to the maximum amount permitted by the Federal Deposit Insurance Corporation (FDIC).
This dividend announcement follows Elmer Bancorp’s tradition of rewarding its shareholders and reflects the company’s financial health and commitment to providing value to its investors. The information for this report is based on a press release statement from Elmer Bancorp, Inc.
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