National Capital Bank Raises Quarterly Dividend by 23.8%
National Capital Bank (NACB) has increased its quarterly dividend to $0.26 per share, representing a 23.8% rise from the previous payout of $0.21. The new dividend will be payable on August 28 for shareholders registered as of August 14, with an ex-dividend date also set for August 14. The forward yield based on this increase is projected at 1.28%. In addition to the dividend announcement, National Capital Bancorp has revealed plans to merge with ODNB Financial in a merger-of-equals deal, which could further impact its financial strategy and shareholder value.
