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Queenstown Bancorp of Maryland pays semiannual dividend

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Queenstown Bancorp of Maryland pays semiannual dividend

The board of Queenstown, Md.-based Queenstown Bancorp of Maryland Inc. declared a cash dividend of $1.10 per share to stockholders of record as of Nov. 8.

The dividend, payable Nov. 17, is in addition to the dividend paid July 7 of 15 cents per share, for a total 2017 dividend payment of $1.25 per share.

The 2017 dividends represent an 8.7% increase over the 2016 dividend, and it is the first time since 2011 that the company returned to a semiannual dividend payment.