QNB Corp. (OTCMKTS:QNBC) Declares Dividend Increase – $0.37 Per Share

QNB Corp. (OTCMKTS:QNBC) announced a quarterly dividend on Tuesday, August 22nd, NASDAQ reports. Stockholders of record on Friday, September 15th will be paid a dividend of 0.37 per share by the financial services provider on Friday, September 29th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 6.13%. The ex-dividend date is Thursday, September 14th. This is a boost from QNB’s previous quarterly dividend of $0.31.

QNB Stock Down 1.3 %

Shares of QNBC opened at $24.15 on Wednesday. The firm has a 50 day simple moving average of $24.13 and a two-hundred day simple moving average of $24.60. The company has a market cap of $87.25 million, a P/E ratio of 5.82 and a beta of 0.49. QNB has a one year low of $21.70 and a one year high of $31.70. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.69 and a quick ratio of 0.69.

QNB (OTCMKTS:QNBC) last released its earnings results on Tuesday, July 25th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter. QNB had a return on equity of 20.23% and a net margin of 22.56%. The firm had revenue of $10.91 million for the quarter.

About QNB

QNB Corp. operates as the bank holding company for QNB Bank that provides commercial and retail banking products and services. It offers various deposit products, which include demand and savings accounts, such as money market, interest-bearing demand, club, traditional statement savings, and online savings accounts; and time deposits comprising certificates of deposit and individual retirement accounts.