SOUTHAMPTON, Pa., April 9, 2015 (GLOBE NEWSWIRE) -- Quaint Oak Bancorp, Inc. (OTCQX:QNTO) (the "Company"), the holding company for Quaint Oak Bank (the "Bank"), announced today that its Board of Directors at their meeting on April 8, 2015, declared a quarterly cash dividend of $0.07 per share on the common stock of the Company payable on May 4, 2015, to the shareholders of record at the close of business on April 20, 2015.
Robert T. Strong, President and Chief Executive Officer stated, "I am pleased to announce the 17% increase in our quarterly cash dividend to $0.07 per share, which reflects our positive financial performance for 2014 and represents our sixth annual increase in our dividend since 2009. As always, our current and continued business strategy includes long term profitability and the payment of dividends. This focus reflects the Company's strong commitment to shareholder value."
Quaint Oak Bancorp, Inc. is the holding company for Quaint Oak Bank. Quaint Oak Bank is a Pennsylvania-chartered stock savings bank headquartered in Southampton, Pennsylvania and conducts business through its two banking offices located in the Delaware Valley and Lehigh Valley markets in Pennsylvania.
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