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Wednesday, February 5, 2025/Categories: Andover Bancorp Press Releases, Bank News
Andover, Ohio -Stephen E. Varckette, President of Andover Bancorp, Inc. of Andover Ohio, the holding company of Andover Bank, announced that the company paid on January 2, 2025, a dividend of $0.38 per share of common stock for the second half of 2024.
This dividend added to the first half dividend of $0.375 per share reflects a total dividend declared for 2024 of $0.755 per share, which is an increase of 0.67% over the $0.75 dividend declared in 2023.
In making the announcement, Varckette added, “We are always excited to announce that we paid record dividends, as it demonstrates the long-term financial strength and stability of Andover Bank. This dividend marks our 42nd consecutive year of not only paying a dividend but increasing that dividend from the prior year.”