QNB Corp. (OTCMKTS:QNBC) Announces Dividend Increase – $0.38 Per Share

QNB Corp. (OTCMKTS:QNBC) declared a quarterly dividend on Tuesday, February 25th, NASDAQ Dividends reports. Investors of record on Friday, March 14th will be paid a dividend of 0.38 per share by the financial services provider on Friday, March 28th. This represents a $1.52 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from QNB’s previous quarterly dividend of $0.37.

QNB Price Performance

OTCMKTS:QNBC traded up $0.01 on Wednesday, reaching $35.00. 2,082 shares of the company’s stock traded hands, compared to its average volume of 1,625. The firm has a market cap of $129.47 million, a PE ratio of 11.22 and a beta of 0.50. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.66. The stock has a 50-day simple moving average of $34.04 and a 200-day simple moving average of $31.91. QNB has a 12 month low of $21.39 and a 12 month high of $35.00.

QNB (OTCMKTS:QNBC) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $0.83 EPS for the quarter. QNB had a return on equity of 11.61% and a net margin of 12.58%.

QNB Company Profile

QNB Corp. operates as the bank holding company for QNB Bank that engages in the provision of commercial and retail banking products, and retail brokerage services. It offers various deposit products, which include demand and savings accounts, such as money market, interest-bearing demand, club, traditional statement savings, and online savings accounts; and time deposits comprising certificates of deposit and individual retirement accounts.