Penns Woods Bancorp, Inc. Announces Quarterly Dividend
August 22 2006 - 2:53PM
Business Wire
Ronald A. Walko, President and Chief Executive Officer of Penns
Woods Bancorp, Inc., (Nasdaq:PWOD) has announced that the Company's
Board of Directors declared a third quarter 2006 cash dividend of
$0.44 per share. The dividend represents an increase of 13% over
the third quarter 2005 dividend and a $0.01 increase over the
second quarter 2006 dividend. The dividend is payable September 26,
2006 to shareholders of record September 12, 2006. The year to date
2006 dividends declared of $1.29 represent a $0.14 increase as
compared to the same period of 2005. "We continue to pay a dividend
yielding in excess of four percent as part of our commitment to
increasing shareholder value. The dividend yield coupled with the
stock repurchase program will assist the Board of Directors and
management in maintaining our strategic course of increasing
shareholder value," commented Mr. Walko. Previous press releases
and additional information can be obtained from the company's
website at www.jssb.com.
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