Quaint Oak Bancorp, Inc. Declares Quarterly Cash Dividend
April 14 2011 - 3:16PM
Quaint Oak Bancorp, Inc. (OTCBB:QNTO) (the "Company"), the holding
company for Quaint Oak Bank (the "Bank"), announced today that its
Board of Directors at their meeting on April 13, 2011, declared a
quarterly cash dividend of $0.035 per share on the common stock of
the Company payable on May 9, 2011, to the shareholders of record
at the close of business on April 25, 2011.
Robert T. Strong, President and Chief Executive Officer stated,
"I am pleased to announce the increase in our quarterly cash
dividend to $0.035 per share, which reflects our positive financial
performance for 2010. As always, our current and continued business
strategy includes long term profitability and payment of dividends.
This focus reflects the Company's strong commitment to shareholder
value."
Quaint Oak Bancorp, Inc. is the holding company for Quaint Oak
Bank. Quaint Oak Bank is a Pennsylvania-chartered stock savings
bank headquartered in Southampton, Pennsylvania and conducts
business through its two banking offices located in Bucks County
and Lehigh County, Pennsylvania.
The Quaint Oak Bancorp, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=4654
Statements contained in this news release which are not
historical facts may be forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of
1995. Forward-looking statements can be identified by the fact
that they do not relate strictly to historical or current
facts. They often include words like "believe," "expect,"
"anticipate," "estimate" and "intend" or future or conditional
verbs such as "will," "would," "should," "could" or "may." We
undertake no obligation to update any forward-looking
statements.
CONTACT: Quaint Oak Bancorp, Inc.
Robert T. Strong, President and Chief Executive Officer
(215) 364-4059
Quaint Oak Bancorp (QB) (USOTC:QNTO)
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