Evans Bancorp has raised the semi-annual cash dividend on its stock by 6 percent to 36 cents per share, the Hamburg-based banking company said Wednesday.
The dividend, which has now increased by 80 percent from 20 cents per share in August 2011, will be paid April 7, to shareholders of record on March 17. The Hamburg-based parent of Evans Bank has 4.2 million shares outstanding.
“Our commitment to strong cost discipline and responsible balance sheet management ultimately delivers value to our shareholders,” said Evans President and CEO David J. Nasca. “This dividend increase reflects our ability to continue to deliver quality, customer-focused service and successfully execute our strategy for growth.”