Quarterly Dividend Increased 33%
On February 23, 2016 the Board of Directors of the Farmers National Banc
Corp. (NASDAQ: FMNB) declared a cash dividend of $0.04 per share. The
common stock cash dividend will have a record date of March 11, 2016 and
is payable to shareholders on March 31, 2016. The 2016 first quarter
dividend payment represents a 33% increase over the 2015 first quarter
dividend payment.
Kevin Helmick, Chief Executive Officer and President said, “The
acquisitions we completed in 2015 significantly increased the size of
Farmers, expanded our market presence, and improved our level of
profitability. The 33% increase in our quarterly cash dividend reflects
the Board of Directors’ confidence in our business outlook and
commitment to returning value to shareholders.”
Founded in 1887, Farmers National Banc Corp. is a diversified
financial services company headquartered in Canfield, Ohio, with more
than $1.8 billion in banking assets and $1 billion in trust assets.
Farmers National Banc Corp.’s wholly-owned subsidiaries are comprised of
The Farmers National Bank of Canfield, a full-service national bank
engaged in commercial and retail banking with 38 banking locations in
Mahoning, Trumbull, Columbiana, Stark, Summit, Wayne, Medina and
Cuyahoga Counties in Ohio and Beaver County in Pennsylvania, Farmers
Trust Company, which operates two trust offices and offers services in
the same geographic markets and National Associates, Inc. Farmers
National Insurance, LLC, a wholly-owned subsidiary of The Farmers
National Bank of Canfield, offers a variety of insurance products.
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