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Represents 33% Year-Over-Year Increase in Quarterly Dividend Payment
- Second Quarterly Dividend Increase in 2018
On August 28, 2018, the Board of Directors of the Farmers National Banc Corp. FMNB declared a quarterly cash dividend of $0.08 per share, a 33% increase from the 2017 third quarter payment, and a 14% increase from the 2018 second quarter payment. The common stock cash dividend will have a record date of September 14, 2018, and is payable to shareholders on September 28, 2018.
Kevin J. Helmick, President and CEO, stated, "The third quarter dividend payment is the fourth increase in Farmers' dividend in the past two years, and is the second increase the Board of Directors has approved in 2018. The increase in our quarterly dividend payment reflects continued strength in our financial performance and the Board's commitment to create value for our shareholders."
ABOUT FARMERS NATIONAL BANC CORP.
Founded in 1887, Farmers is a diversified financial services company headquartered in Canfield, Ohio, with over $2 billion in banking assets and over $1 billion in trust assets. Farmers' wholly-owned subsidiaries are comprised of Farmers National Bank, a full-service national bank engaged in commercial and retail banking with 41 locations in Mahoning, Trumbull, Columbiana, Stark, Summit, Wayne, Medina, Holmes and Cuyahoga Counties in Ohio and Beaver County in Pennsylvania; Farmers Trust Company, which operates 4 trust offices and offers services in the same geographic markets; National Associates, Inc.; and Farmers National Insurance, LLC and Bowers Insurance Agency, Inc. which offer a variety of insurance products.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180828005711/en/
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