DALLAS - North Dallas Bank & Trust Co. (OTCBB: NODB) announced on Monday that its Board of Directors has declared a regular dividend of $0.10 per share. This dividend is scheduled to be paid to shareholders who are on record as of April 19, 2024, with the payment date set for April 26, 2024.
The bank has stated that the decision to pay out dividends is reflective of its current financial health. However, it has also noted that these dividends are not guaranteed to continue in the future. The announcement suggests a commitment to returning value to shareholders while also emphasizing the conditional nature of future dividends.
Founded in 1961, North Dallas Bank & Trust Co. operates as an independent community bank with a network of five banking centers across Dallas, Addison, Frisco, Las Colinas, and Plano.
The bank is headquartered at 12900 Preston Road in Dallas and prides itself on offering a range of banking solutions, wealth management services, and online banking tools. It positions itself as a company dedicated to assisting individuals and businesses in making informed financial decisions.
As a member of the FDIC and an Equal Housing Lender, North Dallas Bank & Trust Co. assures customers of the security and reliability of its services. This dividend declaration is a part of the bank's broader financial activities and customer service offerings.
The news of the dividend comes directly from a press release statement issued by the bank. It provides shareholders and potential investors with insight into the bank's distribution of profits and overall financial stewardship. The bank's Chief Financial Officer, Glenn Henry, is noted as the point of contact for further information regarding the dividend declaration.
Investors in North Dallas Bank & Trust Co. can anticipate the upcoming dividend payment in late April, with the understanding that the bank's future dividend policies will be shaped by its ongoing financial performance.
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