Third Century Bancorp announces dividend of $0.05 per share

FRANKLIN, Ind. - Third Century Bancorp (OTCPINK: TDCB), the holding company for Mutual Savings Bank, has declared a dividend of $0.05 per share for its shareholders, representing a 2.22% yield. The announcement made on Wednesday stated that the dividend is for shareholders on record as of June 15, 2025, with the payment date set for July 3, 2025. InvestingPro data shows the company has maintained dividend payments for 13 consecutive years, demonstrating consistent shareholder returns.

Mutual Savings Bank, established in 1890, is a community-focused financial institution with assets totaling $314 million as of March 31, 2025. The bank, currently valued at $103.32 million in market capitalization, provides a range of financial services from its main office in Franklin, Indiana, and through its additional branches located in Trafalgar and Greenwood, Indiana. According to InvestingPro analysis, the stock appears overvalued compared to its Fair Value estimate.

This dividend declaration follows Mutual Savings Bank’s continued operations in serving the local communities across its various branches. With over a century of financial services, the institution has maintained a presence in the Indiana banking landscape, adapting to the evolving needs of its customers while managing a stable asset base. The bank has demonstrated solid performance with 6.2% revenue growth in the last twelve months and trades at a P/E ratio of 7.32.

The dividend reflects the company’s commitment to providing value to its shareholders and is a common practice among publicly traded companies to distribute a portion of earnings back to shareholders. Dividends are often viewed as a sign of a company’s financial health and stability, and can influence investor perception and stock performance.

The information regarding the dividend declaration is based on a press release statement from Third Century Bancorp.

In other recent news, Third Century Bancorp has announced a dividend of $0.05 per share for its shareholders. The dividend is set for those on record as of March 17, 2025, with payment scheduled for April 3, 2025. This decision reflects Third Century Bancorp’s ongoing commitment to providing value to its shareholders, distributing a portion of its earnings back to them. As of the end of the previous year, the bank reported assets totaling approximately $312 million. The declaration of this dividend follows the company’s performance and asset status, as reported at the end of the previous year. The payment of dividends is subject to the company’s performance, and future declarations will depend on various factors, including earnings and financial condition. This information is based on a press release from Third Century Bancorp, without additional commentary or speculation regarding future performance.

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