Exchange Bankshares, Inc. (OTCMKTS:EXCH) Declares Dividend Increase – $0.38 Per Share

Exchange Bankshares, Inc. (OTCMKTS:EXCH) announced a quarterly dividend on Thursday, January 16th,NASDAQ Dividends reports. Shareholders of record on Tuesday, February 4th will be given a dividend of 0.38 per share on Friday, February 7th. This represents a $1.52 annualized dividend and a yield of 3.17%. The ex-dividend date is Tuesday, February 4th. This is a boost from Exchange Bankshares’s previous quarterly dividend of $0.36.

Exchange Bankshares Stock Performance

Shares of OTCMKTS EXCH remained flat at $47.90 during midday trading on Friday. The stock’s 50-day moving average price is $45.73 and its two-hundred day moving average price is $41.83. Exchange Bankshares has a 12 month low of $37.50 and a 12 month high of $48.00.

About Exchange Bankshares

Exchange Bankshares, Inc operates as the holding company for Exchange Bank that provides personal and business banking products and services in Georgia. It offers checking and savings accounts; and mortgage, real estate, consumer, commercial, and home equity loans. The company also provides cash management, internet and mobile banking, travel club, bill payment, and merchant services, as well as credit cards.