Jeffersonville Bancorp (OTCMKTS:JFBC) to Issue Dividend Increase - $0.25 Per Share

Key Points

• Jeffersonville Bancorp announced a dividend increase to $0.25 per share, a 66.7% rise from the previous dividend of $0.15, effective for shareholders of record on September 26th.
• As of the announcement, Jeffersonville Bancorp's stock experienced a 3.3% increase, trading at $21.70, with a market capitalization of approximately $91.88 million.
• The bank reported $0.78 earnings per share in its latest quarter, with a net margin of 34.98% and a return on equity of 12.72%.

Jeffersonville Bancorp (OTCMKTS:JFBC - Get Free Report) announced a dividend on Friday, September 19th, investing.com reports. Stockholders of record on Friday, September 26th will be paid a dividend of 0.25 per share by the bank on Friday, October 3rd. This represents a dividend yield of 461.0%. The ex-dividend date is Thursday, September 25th. This is a 66.7% increase from Jeffersonville Bancorp's previous dividend of $0.15.

Jeffersonville Bancorp Stock Performance

Shares of JFBC stock traded up $0.20 on Tuesday, hitting $21.70. The company had a trading volume of 1,450 shares, compared to its average volume of 1,643. The firm has a market cap of $91.79 million, a P/E ratio of 7.81 and a beta of 0.18. The stock's 50-day moving average is $21.41 and its two-hundred day moving average is $20.53. Jeffersonville Bancorp has a twelve month low of $17.75 and a twelve month high of $23.00.

Jeffersonville Bancorp (OTCMKTS:JFBC - Get Free Report) last announced its earnings results on Tuesday, August 12th. The bank reported $0.78 EPS for the quarter. Jeffersonville Bancorp had a return on equity of 12.72% and a net margin of 34.98%.The company had revenue of $8.27 million for the quarter.

About Jeffersonville Bancorp

Jeffersonville Bancorp operates as the bank holding company for Jeff Bank that provides community banking services to individuals, small businesses, and local municipal governments primarily in Sullivan County, New York. The company offers various deposit products, such as checking, money market, savings, and NOW, as well as demand and time deposits.