Per Share Dividend Up From Last Quarter and Last Year
Alexandria, VA -- Burke & Herbert Bank announced today that
the Bank's Board of Directors declared a dividend per share
of $18.00 payable on June 1, 2012 to shareholders of record
as of the close of business on May 15, 2012. This
dividend is up by $1.00 per share from the dividend paid on
March 1, 2012, and is up by $0.50 per share from the dividend
paid at the same time last year.
"We are pleased that the Bank continues to enjoy solid
financial results and to deliver value for our shareholders,"
said E. Hunt Burke, the Bank's Chairman & Chief Executive
Officer. "We have enjoyed a strong start for 2012,
following a terrific 2011, the fourth consecutive year in
which we posted record earnings."
Net income for the first quarter of 2012 reached $8.8
million, up 3.1% from the same quarter one year ago.
Burke & Herbert Bank, established in 1852, is the oldest bank
in the Commonwealth of Virginia and the oldest continuously
operating bank in the Washington, D.C. area. The Bank
offers a full range of personal and business banking products
along with investment accounts and trust services. Burke &
Herbert Bank is headquartered in Alexandria and operates 25
branches in northern Virginia.