ACNB Corporation Board of Directors Approves 7.7% Dividend Increase - Shareholders of record as of June 1, 2023, will receive a quarterly cash dividend of $0.28 per share of common stock
Dividends
ACNB Corporation, the financial holding company for ACNB Bank and ACNB Insurance Services, Inc., has announced a 7.7% increase in its regular quarterly cash dividend. The company's Board of Directors approved and declared a dividend of $0.28 per share of ACNB Corporation common stock, payable on June 15, 2023, to shareholders of record as of June 1, 2023.
ACNB Corporation's President & CEO, James P. Helt, emphasized the company's commitment to generating value for its shareholders. Despite economic and market conditions, ACNB Corporation has been rewarding its shareholders with quarterly cash dividends for decades.
This increase in dividend represents a 7.7% growth over the same quarter of 2022, resulting in aggregate dividend payments of approximately $2.4 million to ACNB Corporation shareholders in the second quarter of 2023. In the second quarter of 2022, the company paid a dividend of $0.26 per common share.
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