Quaint Oak Bancorp, Inc. announced on July 9, 2025, that its Board of Directors declared a quarterly cash dividend of $0.04 per share. This represents a significant reduction from the previous dividend of $0.13 per share. The dividend is payable on August 4, 2025, to shareholders of record on July 21, 2025.
Robert T. Strong, Chief Executive Officer, stated that the Board's decision was made "after careful consideration" as part of ongoing efforts to enhance capital levels and strengthen liquidity. The reduction is intended to allow for continued reinvestment in strategic initiatives aimed at positioning the Company for long-term success.
This dividend adjustment signals a proactive approach to balance sheet strength and strategic investment, prioritizing capital preservation over immediate shareholder distributions. The Board remains focused on long-term profitability and a strong commitment to shareholder value through these strategic financial decisions.
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