CANFIELD, Ohio – The Farmers National Banc Corp. board of directors declared a quarterly cash dividend Thursday of 10 cents per share.
The common stock cash dividend will have a record date of Sept. 13 and is payable to shareholders Sept. 30, according to a statement from the company.
Farmers National Banc Corp. is the holding company of Farmers National Bank and Farmers Trust Co., which has $2.4 billion in banking assets. Its assets include Farmers National Bank of Canfield, Farmers Trust Co., National Associates Inc., Farmers National Insurance LLC and Bowers Insurance Agency Inc.
The dividend represents a 25% year-over-year increase to the company’s third quarter dividend, and is the sixth increase to Farmers’ dividend in the past four years, Kevin J. Helmick, President and CEO, said.
“In fact, our quarterly cash dividend has increased 150% during this period, reflecting our board’s continual commitment to creating shareholder value,” he continued.
Copyright 2020 The Business Journal, Youngstown, Ohio.
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