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Unity Bancorp Announces 10% Increase in Second Quarter Cash Dividend, Up 22% from Prior Year

CLINTON, N.J., April 28, 2022 (GLOBE NEWSWIRE) — Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.11 per common share. Such dividend is payable on June 24, 2022, to shareholders of record as of June 10, 2022. This represents an 10% increase from the $0.10 dividend per common share paid in the prior quarter, and a 22% increase from the $0.09 dividend per common share paid in June 2021. Unity Bancorp, Inc. is a financial service organization headquartered in Clinton, New Jersey, with approximately $2.1 billion in assets and $1.8 billion in deposits. Unity Bank, the company’s wholly owned subsidiary, provides financial services to retail, corporate and small business customers through its 19 retail service centers located in Bergen, Hunterdon,...

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California Water Service Group Board of Directors Declares 309th Consecutive Quarterly Dividend

SAN JOSE, Calif., April 27, 2022 (GLOBE NEWSWIRE) — At its meeting today, the California Water Service Group (NYSE: CWT) Board of Directors declared the company’s 309th consecutive quarterly dividend in the amount of $0.25 per common share. It will be payable on May 20, 2022 to stockholders of record on May 9, 2022. California Water Service Group is the parent company of regulated utilities California Water Service, Hawaii Water Service, New Mexico Water Service, Washington Water Service, and now Texas Water Service, a utility holding company. Together, these companies provide regulated and non-regulated water and wastewater service to more than 2 million people in California, Hawaii, New Mexico, Texas, and Washington. California Water Service Group’s common stock trades on the New York Stock Exchange under the symbol “CWT.”...

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Lake Shore Bancorp, Inc. Announces 2022 First Quarter Financial Results and Declares Dividend

DUNKIRK, N.Y., April 27, 2022 (GLOBE NEWSWIRE) — Lake Shore Bancorp, Inc. (the “Company”) (NASDAQ: LSBK), the holding company for Lake Shore Savings Bank (the “Bank”), reported unaudited net income of $1.1 million, or $0.18 per diluted share, for the 2022 first quarter compared to net income of $1.7 million, or $0.29 per diluted share, for the 2021 first quarter. 2022 First Quarter Financial Highlights:Net interest income increased 3.7% to $5.5 million during the 2022 first quarter in comparison to $5.3 million during the 2021 first quarter, due to a $6.0 million increase in the average balance of interest-earning assets and a 26 basis points decrease in the average cost of interest-bearing liabilities; Net interest margin and interest rate spread was 3.38% and 3.30%, respectively, for the three months ended March 31, 2022 as...

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Dynacor Declares May 2022 Monthly Dividend

MONTREAL, April 27, 2022 (GLOBE NEWSWIRE) — Dynacor Gold Mines Inc. (TSX: DNG) (Dynacor or the Corporation) announced its monthly dividend. The declaration of a dividend payment of C$0.0083 per common share will be payable on May 19, 2022, to shareholders of record as of the close of business on May 9, 2022. This dividend represents the twenty-sixth (26th) dividend and (16th) sixteenth monthly payment made to shareholders. The Corporation’s monthly dividend qualifies as an “eligible dividend” for Canadian income tax purposes.The payment and increase of dividends are at the discretion of the Board and will depend on the Corporation’s financial results, cash requirements, prospects and other factors deemed relevant by the Board. ABOUT DYNACOR Dynacor is a dividend-paying industrial gold ore processor headquartered in Montreal, Canada....

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ARMOUR Residential REIT, Inc. Announces May 2022 Dividend Rate Per Common Share

VERO BEACH, Florida, April 26, 2022 (GLOBE NEWSWIRE) — ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) today announced the May 2022 cash dividend for the Company’s Common Stock. May 2022 Common Stock Dividend InformationMonth   Dividend   Holder of Record Date   Payment DateMay 2022   $0.10   May 16, 2022   May 27, 2022Certain Tax Matters ARMOUR has elected to be taxed as a real estate investment trust (“REIT”) for U.S. Federal income tax purposes. In order to maintain this tax status, ARMOUR is required to timely distribute substantially all of its ordinary REIT taxable income. Dividends paid in excess of current tax earnings and profits for the year will generally not be taxable to common stockholders. Actual dividends are determined at the discretion of the Company’s board of...

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Rush Enterprises, Inc. Reports First Quarter 2022 Results, Announces $0.19 Per Share Dividend

Revenues of $1.6 billion, net income of $92.5 million Earnings per diluted share of $1.43, excluding one-time gain related to Momentum JV Absorption ratio 136.3% Record first quarter financial results primarily due to strong Class 8 truck sales and aftermarket growth Board declares cash dividend of $0.19 per share of Class A and Class B common stockSAN ANTONIO, April 26, 2022 (GLOBE NEWSWIRE) — Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America, today announced that for the quarter ended March 31, 2022, the Company achieved revenues of $1.563 billion and net income of $92.5 million, or $1.60 per diluted share, compared with revenues of $1.232 billion and net income of $45.3 million, or $0.79 per diluted share, in the quarter ended March 31,...

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Ethan Allen Increases Regular Quarterly Dividend by 10%

Danbury, CT, April 26, 2022 (GLOBE NEWSWIRE) — Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) (NYSE:ETD) announced today that its Board of Directors has declared and increased the regular quarterly cash dividend to $0.32 per share, payable on May 25, 2022, to shareholders of record at the close of business on May 10, 2022. Farooq Kathwari, Ethan Allen’s Chairman, President and CEO commented, “We are pleased to increase our regular quarterly dividend by 10% to $0.32 per share. The Board’s decision today highlights our strong balance sheet allowing for these returns to shareholders. We believe we are well-positioned due to our relevant offerings, strong retail network, the personal service of our interior design professionals combined with technology, our unique vertical integration structure whereby about 75% of our...

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CN Declares Second-Quarter 2022 Dividend

MONTREAL, April 26, 2022 (GLOBE NEWSWIRE) — CN (TSX: CNR) (NYSE: CNI) announced today that its Board of Directors has approved a second-quarter 2022 dividend on the Company’s common shares outstanding. A quarterly dividend of seventy-three and a quarter cents (C$0.7325) per common share will be paid on June 30, 2022, to shareholders of record at the close of business on June 9, 2022. About CNCN is a world-class transportation leader and trade-enabler. Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year. As the only railroad connecting Canada’s Eastern and Western coasts with the U.S. South through a 18,600-mile rail network, CN and its affiliates have been...

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Luther Burbank Corporation Reports Earnings for the Quarter Ended March 31, 2022 and Announces Quarterly Dividend

First Quarter 2022 HighlightsNet income of $22.9 million, or $0.45 per diluted share Net interest margin of 2.54% Return on average assets and equity of 1.28% and 13.60%, respectively Cost of interest bearing deposits declined by 3 basis points to 0.45% Efficiency ratio of 34.4% Loan production of $568.9 million Nonperforming assets to total assets of 0.03% Tangible book value per share of $12.93 Repurchased 425 thousand common shares at an average price per share of $13.25 Quarterly cash dividend of $0.12 per common share declared  As of or For the Three Months Ended (1)(Dollars in thousands, except per share amounts) March 31,2022 December 31,2021 March 31,2021Performance Ratios      Return on average assets   1.28 %   1.30 %   1.05 %Return on average equity   13.60 %   14.08 %   11.82 %Net interest margin   2.54 %   2.57 %   2.23 %Efficiency...

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Altra Industrial Motion Corp. Announces Second Quarter 2022 Dividend

BRAINTREE, Mass., April 26, 2022 (GLOBE NEWSWIRE) — Altra Industrial Motion Corp. (Nasdaq: AIMC), a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced that its Board of Directors has approved the payment of a quarterly cash dividend of $0.09 per share for the second quarter of 2022. The second quarter 2022 dividend is the forty-first consecutive dividend in the Company’s history. The dividend will be paid on July 6, 2022 to shareholders of record as of the close of business on June 17, 2022. Future declarations of quarterly cash dividends are subject to approval by the Board of Directors and to the Board’s continuing determination that the declaration of dividends is in the best interests of Altra’s shareholders and is in compliance with all laws and...

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