ECB Bancorp Increases 2008 Dividend
ENGELHARD, N.C.–(BUSINESS WIRE)–ECB Bancorp, Inc. (NASDAQ: ECBE), the parent holding company of The East Carolina Bank (the “Bank”), announced that on March 18, 2008, the Corporation’s Board of Directors declared a quarterly cash dividend of $0.1825 per share, payable April 14, 2008 to shareholders of record on April 1, 2008.
On an annualized basis, the Corporation’s 2008 dividend of $0.73 per share represents a 4.3% increase over the annual dividend in 2007 of $0.70 per share.
The Bank continues to expand its footprint in eastern North Carolina with a new full-service branch under construction in Leland (Brunswick County) scheduled to open in early third quarter, which will bring the total number of branches to 24.
Posted by Scammer Sam