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Burke & Herbert Bank & Trust lowers dividend

Burke & Herbert Bank & Trust Co. declared a dividend of $18.00 per share, payable March 1 to shareholders of record as of Feb. 15.

The Alexandria, Va.-based company paid a dividend of $21.50 per share in December 2016, per SNL data.

The company posted net income of $28.8 million for 2016, compared to earnings of $30.9 million for 2015.