Due to increase in earnings per share in the third quarter 2025, Glen Burnie Bancorp's 12 Months dividend pay out ratio sequentially decreased to 1000% in the third quarter 2025, otherwise the ratio remained above the average, as GLBZ's cash flow remains strong.
Within Financial sector 12 other companies have achieved higher 12 Months dividend pay out ratio. While in terms of ranking among all other companies, the company has moved form 0 in the second quarter 2025, to 22.
Glen Burnie Bancorp faces net loss in second quarter of 2024, announces 128th consecutive quarterly dividend payout Glen Burnie Bancorp, the bank holding company for The Bank of Glen Burnie, has reported a net loss of $204,000 for the three-month period ending June 30, 2024. This marks a significant decline from the net income of $276,000 reported for the same period in 2023. Similarly, for the six-month period ending June 30, 2024, the company reported a net loss of $201,000 compared to a net income of $710,000 for the same period last year. Despite these financial challenges, Glen Burnie Bancorp remains committed to its shareholders, as it prepares to pay its 128th consecutive quarterly dividend on August 5, 2024. This dedication to providing stability for its shareholders is evident in the company's long-standing tradition of consistent dividend payments.
The recent announcement of a ten cent per share dividend by Glen Burnie Bancorp (NASDAQ: GLBZ) marks the company's 128th consecutive dividend declaration. This news comes on the heels of the firm's 125th consecutive dividend announcement last year, highlighting the stability and commitment to shareholders that Glen Burnie Bancorp has maintained over the years. Despite this strong track record of dividend payouts, Glen Burnie Bancorp's stock has seen some challenges in the market. With a 47.4% decrease in share price compared to a year ago, investors may be concerned about the company's performance. However, in the second quarter of 2024, there was a slight increase of 2.55% in the share price, although the stock is trading only 20.2% above its 52-week low.
Glen Burnie Bancorp Declares 1Q 2024 Dividend, Ensuring Stability for Shareholders GLEN BURNIE, Md., April 12, 2024 - Glen Burnie Bancorp (NASDAQ: GLBZ), the parent company of The Bank of Glen Burnie, announced on April 11, 2024, that its Board of Directors has declared a regular dividend of ten cents ($0.10) per share of common stock. This marks the company's 127th consecutive dividend, demonstrating their commitment to providing stability and value to their shareholders. The declaration of the 1Q 2024 dividend comes as a continuation of Glen Burnie Bancorp's long-standing tradition. Back on October 13, 2023, the company had proudly announced its 125th consecutive dividend, underscoring their dedication to rewarding shareholders over the years.
Glen Burnie Bancorp (NASDAQ: GLBZ), the parent company of The Bank of Glen Burnie, recently declared a regular dividend of ten cents ($0.10) per share of common stock at their board meeting on January 11, 2024. This marks the company's 126th consecutive dividend, underscoring its commitment to providing stability for shareholders. The announcement comes as no surprise considering Glen Burnie Bancorp's consistent track record of delivering value to its investors. Back on October 13, 2023, the company had declared its 125th consecutive dividend, reflecting its unwavering dedication to shareholder satisfaction and financial security.
In a recent press release, Glen Burnie Bancorp, the parent company of The Bank of Glen Burnie, announced that its Board of Directors has declared a regular dividend of ten cents ($0.10) per share of common stock at their meeting held on October 12, 2023. This significant decision marks the company's 125th consecutive dividend, highlighting its commitment to providing value and stability to its shareholders. The declaration of the regular dividend reflects Glen Burnie Bancorp's sound financial position and its ability to generate consistent profits. This not only rewards the confidence of existing shareholders but also serves as an enticing factor for potential investors. The announcement is expected to have a positive impact on the company's reputation and attract further market interest.
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