JOHNSTOWN, Pa., July 25,
2022 /PRNewswire/ -- AmeriServ Financial, Inc.
(NASDAQ: ASRV) announced that its Board of Directors declared a
$0.03 per share quarterly common
stock cash dividend. The cash dividend is payable
August 22, 2022 to shareholders of
record on August 8, 2022. This
cash dividend represents a 3.08% annualized yield using the
July 21, 2022 closing common stock
price of $3.90. For the first
six months of 2022, the Company's dividend payout ratio amounted to
21.2%.
AmeriServ Financial, Inc. is the parent of AmeriServ Financial
Bank and AmeriServ Trust and Financial Services Company in
Johnstown. The Company's subsidiaries provide full-service
banking and wealth management services through seventeen community
offices in southwestern Pennsylvania and Hagerstown, Maryland. The Company also
operates loan production offices in Altoona and Monroeville, Pennsylvania. At
June 30, 2022, AmeriServ had total
assets of $1.32 billion and a book
value of $6.22 per common
share.
Forward-Looking Statements
This news
release contains forward-looking statements as defined in the
Securities Exchange Act of 1934 and is subject to the safe harbors
created therein. The forward-looking statements contained herein
include, but are not limited to, information regarding AmeriServ's
dividend program and future payment obligations. These
forward-looking statements involve risks and uncertainties that
could cause AmeriServ's results to differ materially from
management's current expectations. Such risks and uncertainties are
detailed in AmeriServ's filings with the Securities and Exchange
Commission, including our Annual Report on Form 10-K for the year
ended December 31, 2021.
Forward-looking statements are based on the beliefs and assumptions
of AmeriServ's management and on currently available information.
The statements in this press release are made as of the date of
this press release, even if subsequently made available by
AmeriServ on its website or otherwise. AmeriServ undertakes no
responsibility to publicly update or revise any forward-looking
statement.
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SOURCE AmeriServ Financial, Inc.