LSB Bancshares, Inc., Announces Fourth Quarter Dividend
November 17 2005 - 9:03AM
PR Newswire (US)
LEXINGTON, N.C., Nov. 17 /PRNewswire-FirstCall/ -- At its meeting
on Tuesday, November 15, 2005, the Board of Directors of LSB
Bancshares, Inc., (NASDAQ:LXBK) parent company of Lexington State
Bank, declared a quarterly cash dividend of $.17 per share of
common stock, payable on January 15, 2006, to shareholders of
record on January 1, 2006. This represents an increase of 6.3%
compared to the same period one year ago. LSB The Bank is one of
the largest community banks in North Carolina, with 25 offices in
Davidson, Forsyth, Guilford, Randolph and Stokes counties and a
mortgage origination office in Wake County. Services are also
available through 31 ATMs and cash dispensers, "LSB By Net" online
banking and 24-hour "LSB By Phone" banking. LSB The Bank owns two
subsidiaries: LSB Investment Services, Inc., which offers
non-deposit, non-insured investment alternatives such as mutual
funds and annuities; and Peoples Finance Co. of Lexington, Inc.,
which offers small loans and dealer financing. Common stock of the
bank's parent company, LSB Bancshares, Inc., is traded on the
Nasdaq National Market and is quoted under the symbol LXBK.
Additional information about LSB is available on its web site,
http://www.lsbnc.com/. Information in this press release contains
forward-looking statements. These statements are identified by
words such as "expects," "anticipates," "should," or other similar
statements about future events. These forward- looking statements
involve estimates, assumptions by management, risks, and
uncertainties that could cause actual results to differ materially
from current projections, including without limitations, the
effects of future economic conditions, legislative and regulatory
changes, and the effects of competition. Additional factors that
could cause actual results to differ materially from those
anticipated by forward-looking statements are discussed in LSB's
filings with the Securities and Exchange Commission, including
without limitation, its annual report on Form 10-K, its Quarterly
Reports on Form 10-Q and its Current Reports on Form 8-K. LSB
undertakes no obligations to revise these statements following the
date of this news release. CONTACT: Monty J. Oliver, EVP & CFO;
336-242-6207 or 336-248-6500 or 1-800-876-6505, ext. 207
DATASOURCE: LSB Bancshares, Inc. Contact: Monty J. Oliver, EVP
& CFO of LSB Bancshares, Inc., +1-336-242-6207 or
+1-336-248-6500 or 1-800-876-6505, ext. 207 Web site:
http://www.lsbnc.com/
Copyright
Lsb Bancshares (NASDAQ:LXBK)
Historical Stock Chart
From Apr 2024 to May 2024
Lsb Bancshares (NASDAQ:LXBK)
Historical Stock Chart
From May 2023 to May 2024