Business
Trinity Bank Increases Cash Dividend 3.8%
Trinity Bank Increases Cash Dividend 3.8%.
About this update from Trinity Bank, N.a
[{"type":"text","content":"FORT WORTH, TX / ACCESSWIRE / March 30, 2023 / Trinity Bank, N.A. (OTC PINK:TYBT) announced that on March 28, 2023, the Board of Directors declared a cash dividend of $0.81 per share. The dividend will be payable on April 28, 2023 to shareholders of record as of the close of business on April 14, 2023.CEO Matt R. Opitz stated, "The Board of Directors of Trinity Bank, N.A. is pleased to announce the bank's 23rd semiannual cash dividend. The dividend of $0.81 per share payable on April 28, 2023 represents a 3.8% increase over the $0.78 per share dividend paid in October 2022." April October Special Annual 2012 $0.20 $0.20 $1.00 $1.40 2013 $0.25 $0.28 $0.53 2014 $0.31 $0.34 $0.65 2015 $0.38 $0.42 $0.80 2016 $0.44 $0.46 $0.90 2017 $0.49 $0.51 $1.00 2018 $0.54 $0.57 $1.11 2019 $0.60 $0.62 $1.22 2020 $0.64 $0.67 $1.31 2021 $0.69 $0.73 $1.42 2022 $0.75 $0.78 $1.53 2023 $0.81 Total Dividends $12.68 CEO Opitz further stated, "As Trinity Bank celebrates our 20th year of serving the North Texas community, we are proud of our history of performance and earnings that have made these dividends possible. Especially now, it the midst of significant turmoil in the financial services industry brought about by the irresponsible risk management practices of a few banks, we are pleased to announce our 23rd consecutive increase to the bank's semi-annual dividend.""These are unprecedented times we find ourselves in to say the least. Borrowing rates have increased more over the past 12 months than at any other time in history. We have increased our deposit rates more over the past 12 months than at any other time in the bank's history. Inflation remains high, supply chain issues, while improved, still remain and economic uncertainty continues to mount. Yet, despite the challenges we face, we remain optimistic about the future. Trinity Bank was built with times like these in mind. Our conservative and prudent management practices have positioned Trinity as a safe and sound organization that our customers can be confident in. As history shows, we tend to do better during times like these when other banks are forced to pull in their horns and make significant adjustments to their business models and management practices.""Trinity Bank is well positioned to remain successful and take advantage of opportunities for continu...