Farmers National Banc Corp. Declares Quarterly Cash Dividend
On November 23, 2021, the Board of Directors of the Farmers National Banc Corp. (NASDAQ: FMNB) declared a quarterly cash dividend of $0.14 per share, representing a 27% increase over the same period last year. The common stock cash dividend will have a record date of December 10, 2021, and is payable to shareholders on December 31, 2021.
“The 27% increase in our quarterly cash dividend reflects both our strong performance in 2021 along with the successful closing of the Cortland Bancorp. transaction. The increase marks the sixth consecutive year we have increased our dividend payment and reflects our optimism for the future of Farmers,” said Kevin J. Helmick, President and CEO of Farmers. “Since 2015, our annual cash dividend has increased at an impressive 26% compound annual growth rate, reflecting our strong financial results and commitment to returning capital to shareholders.”
ABOUT FARMERS NATIONAL BANC CORP.
Founded in 1887, Farmers National Banc Corp. is a diversified financial services company headquartered in Canfield, Ohio, with $4.1 billion in banking assets. Farmers National Banc Corp.’s wholly-owned subsidiaries are comprised of The Farmers National Bank of Canfield, a full-service national bank engaged in commercial and retail banking with 48 banking locations in Mahoning, Trumbull, Columbiana, Stark, Summit, Portage, Wayne, Medina, Geauga and Cuyahoga Counties in Ohio and Beaver County in Pennsylvania; Farmers Trust Company, which operates five trust offices and offers services in the same geographic markets and Farmers National Insurance, LLC. Total wealth management assets under care at September 30, 2021 were $3.0 billion.