Big Money Alert: Absecon Bancorp Unleashes a Shocking 75-Cent Dividend Bombshell That's About to Change Everything for Shareholders

ABSECON, N.J., Sept. 09, 2024 (GLOBE NEWSWIRE) -- In a move that is expected to sending shockwaves throughout the financial sector, Absecon Bancorp (the "Company") (OTC, trading as ASCN), the bank holding company of First National Bank of Absecon, an Atlantic County New Jersey based community bank, announced today that its Board of Directors declared a regular quarterly cash dividend in the amount of $0.75 per share, payable on September 30, 2024 to shareholders of record at the close of business on September 16, 2024.

This bold decision is expected to have a significant impact on shareholders, demonstrating the company's commitment to delivering value to its investors. With this latest move, Absecon Bancorp is once again solidifying its position as a leader in the banking industry.

Absecon Bancorp's decision to declare a quarterly cash dividend of $0.75 per share reflects the company's confidence in its current financial position and its future prospects. This confidence is rooted in the company's continued safe and sound operation, with a strong balance sheet and efficient operations.

"We are pleased to announce the declaration of this quarterly cash dividend, which demonstrates our commitment to creating value for our shareholders," said the Board of Directors in a statement. "Our decision to declare this dividend reflects our confidence in the company's financial strength and our ability to continue to generate strong earnings in the future."

This latest move by Absecon Bancorp is likely to be seen as a positive development by investors, who have been eagerly awaiting news of the company's dividend plans. With the declaration of this quarterly cash dividend, Absecon Bancorp is demonstrating its commitment to delivering value to its shareholders and its confidence in the company's future prospects.

Absecon Bancorp is the bank holding company of First National Bank of Absecon, a community bank that has been serving Atlantic County, New Jersey for over 100 years. First National Bank of Absecon provides a wide range of financial services to individuals, families, and businesses in its community.

The bank is known for its commitment to excellent customer service, its safe and sound operation, and its dedication to creating value for its shareholders. With the declaration of this quarterly cash dividend, Absecon Bancorp is once again demonstrating its commitment to these core values.

Shares of Absecon Bancorp (OTC: ASCN) are traded on the OTC Market. To learn more about Absecon Bancorp and its subsidiaries, visit the company's website at http://www.abseconbank.com.

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