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Evans Bancorp hikes dividend by 6 percent

Evans Bancorp is raising its dividend by 6 percent.

The Hamburg-based banking company said it is increasing its semi-annual dividend by 2 cents to 38 cents per share.

ā€œThis increase demonstrates the confidence we have in our prospects and our commitment to return capital to our shareholders while also making investments in growing our business,ā€ CEO David J. Nasca said in a statement.

The increased dividend will be payable April 5 to shareholders of record on March 15.