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Orrstown Financial Services ups dividend

Orrstown Financial Services Inc.'s board approved a cash dividend of 17 cents per common share, higher than the previous payout of 15 cents per share.

The dividend will be paid Feb. 10 to shareholders of record as of Feb. 3.

The Shippensburg, Pa.-based company posted net income available to common shareholders of $4.2 million, or 38 cents per share, for the three months ended Dec. 31, 2019, higher than $1.2 million, or 12 cents per share, in the year-ago period.