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Neffs Bancorp increases semiannual dividend

Neffs BancorpInc.'s board on March 15 declared a semiannual dividend of $3.65per share on the Neffs, Pa.-based company's outstanding common shares.

The dividend is payable May 15 to shareholders of record on April30, according to a news release. It represents an increase of 25 cents pershare from the previous semiannual dividend.

Neffs Bancorp's unaudited net income for the first quarterwas about $1.1 million, compared to approximately $1.0 million for the sameperiod in 2015.