Old Line Bancshares, Inc. Increases Quarterly Cash Dividend 33%
On November 17, 2011, the Board of Directors of Old Line Bancshares, Inc. (Nasdaq: OLBK) declared a fourth quarter cash dividend of $0.04 per common share, a $0.01 increase over the third quarter cash dividend of $0.03 per share. The company will pay the dividend on December 19, 2011 to stockholders of record as of December 5, 2011. "We are pleased that our consistent profitability and the underlying strength of our financial performance enable this improved return for our loyal stockholders," said James W. Cornelsen, President and Chief Executive Officer of Old Line Bancshares.
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