HARLEYSVILLE, Pa.–(Business WIRE)–Jan 27, 2021–
Harleysville Money Company (OTCQX:HARL) noted now that the Company’s Board of Administrators declared a standard quarterly money dividend of $.28 for each share on the Company’s prevalent stock. This signifies an raise of 3.7% or $.01 per share from the prior dividend. The cash dividend will be payable on February 24, 2021 to stockholders of record on February 10, 2021.
Net income for the quarter finished December 31, 2020 was $2,102,000 or $.56 per diluted share as opposed to $1,906,000 or $.50 for every diluted share for the identical quarter final year.
President and Main Government Officer Brendan J. McGill said, “Based on the stable fiscal results of the quarter and our belief that we are positioned for the upcoming, we are pleased that we are capable to generate more value for our stockholders by rising the money dividend to $.28 for every share.
As we continue on to navigate through the COVID-19 pandemic and the resulting economic problems, the nicely-remaining of our customers, team users, stockholders and the communities we provide stays at the forefront. We have and will carry on to meet up with our buyers demands and help our communities by running our branches in a safe and sound and socially accountable fashion.”
The Company’s property totaled $873.4 million when compared to $784.5 million a year back, and stockholders’ tangible ebook benefit elevated to $21.23 for every share from $20.51 a yr ago.
Harleysville Economical Corporation is traded on the OTCQX industry under the image HARL ( http://www.otcmarkets.com ) and is the holding company for Harleysville Bank. Set up in 1915, Harleysville Lender is a Pennsylvania chartered and federally insured financial institution, headquartered in Harleysville, PA. The Bank operates from six total-provider workplaces located in Montgomery County and a single office positioned in Bucks County, Pennsylvania.
This presentation may possibly contain ahead-wanting statements (in just the this means of the Private Securities Litigation Reform Act of 1995). Real results may differ materially from the benefits discussed in these forward-on the lookout statements. Aspects that could bring about these kinds of a difference consist of, but are not minimal to, common economic disorders, improvements in interest premiums, deposit flows, financial loan demand from customers, authentic estate values and level of competition variations in accounting rules, guidelines, or suggestions modifications in legislation or regulation and other economic aggressive, governmental, regulatory, and technological things affecting the Company’s operations, pricing, products and providers.
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Make contact with: M. Shane Michalak
Senior Vice President/CFO
Key word: UNITED STATES NORTH The us PENNSYLVANIA
Industry Key word: FINANCE BANKING ACCOUNTING Skilled Companies Insurance coverage
Resource: Harleysville Financial Corporation
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PUB: 01/27/2021 11:29 AM/DISC: 01/27/2021 11:28 AM