Banking & Finance

Farmers Declares Eight Cents Cash Dividend

CANFIELD, Ohio – The board of directors of Farmers National Banc Corp. declared a quarterly cash dividend of eight cents a share on Tuesday.

The dividend is a 33% increase from the 2017 third-quarter payment, and a 14% increase from the 2018 second-quarter payment.

In a prepared statement, Kevin J. Helmick, president and CEO of Farmers said, “The third-quarter dividend payment is the fourth increase in Farmers’ dividend in the past two years, and is the second increase the board of directors has approved in 2018. The increase in our quarterly-dividend payment reflects continued strength in our financial performance and the board’s commitment to create value for our shareholders.”

The dividend will be payable Sept. 14 to shareholders of record Sept. 28.

Farmers National Banc Corp. is the holding company of Farmers National Bank and Farmers Trust Co. It  has more than $2 billion in banking assets and over $1 billion in trust assets.

Published by The Business Journal, Youngstown, Ohio.