GLEN BURNIE, MD - Glen Burnie Bancorp (NASDAQ:GLBZ), the holding company for The Bank of Glen Burnie, has announced the declaration of its 126th consecutive dividend. The Board of Directors confirmed a regular dividend of $0.10 per share of common stock during their meeting on Thursday. Shareholders on record as of January 22, 2024, will receive the dividend on February 5, 2024.
The company, which was established in 1949, operates as a community bank with a focus on serving Anne Arundel County, Maryland. It oversees eight branch offices and reported consolidated assets amounting to $351.8 million as of December 31, 2023.
This news is based on a press release statement.
InvestingPro Insights
As Glen Burnie Bancorp celebrates its 126th consecutive dividend, it's worth noting that another company, W. P. Carey Inc. (NYSE:WPC), has also shown a strong commitment to shareholder returns, maintaining dividend payments for 26 consecutive years. According to InvestingPro data, W. P. Carey's market capitalization stands at $14.56 billion, with a robust revenue growth of 22.15% over the last twelve months as of Q3 2023. This growth is underpinned by an impressive gross profit margin of 92.39%, reflecting the company's efficiency in managing its costs.
InvestingPro Tips highlight that W. P. Carey is trading at a low P/E ratio relative to near-term earnings growth, with a P/E ratio of 18.33, and analysts anticipate sales growth in the current year. Moreover, the company's liquid assets exceed its short-term obligations, which may interest investors looking for financial stability. For those seeking investment insights, InvestingPro offers additional tips on W. P. Carey, revealing that the company has been profitable over the last twelve months and is expected to remain profitable this year.
For investors who find these insights compelling, InvestingPro is currently offering a special Cyber Monday sale with discounts of up to 60%. To further sweeten the deal, use coupon code ProW345 for an additional 10% off a 2-year InvestingPro+ subscription. With this subscription, investors can access a wealth of information, including the six additional InvestingPro Tips not listed here, to make more informed investment decisions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.