World News: 22:10 GMT Wednesday 15th May 2019. [Eagle Bancorp, Inc. via Globe Newswire via SPi World News]
BETHESDA, Md., May 15, 2019 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the “Company”) (NASDAQ: EGBN), the parent company for EagleBank, today announced a cash dividend for the second quarter of 2019, in the amount of $0.22 per share. The cash dividend will be payable on June 14, 2019 to shareholders of record on May 31, 2019.
“Given our excellent profitability and strong capital position, we are pleased to announce the initiation of a cash dividend payment to shareholders,” noted Susan G. Riel, President and Chief Executive Officer of Eagle Bancorp, Inc. Ms. Riel continued, “We expect that our performance will enable us to continue to provide shareholders with a tangible return in the form of quarterly cash dividends, and believe that such action is prudent, given the rate of capital accumulation at the Company.”
Ms. Riel added, “The Company’s capital planning and policies are extensive and receive much attention by the Company’s Board of Directors. The decision to institute a quarterly cash dividend at this time is consistent with those policies.”
Eagle Bancorp ContactMichael T. Flynn301.986.1800
Globe Newswire: 22:10 GMT Wednesday 15th May 2019
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