HARLEYSVILLE, PA — Harleysville Financial Corporation (OTCQX: HARL) has declared a special cash dividend of $1.20 per share on the Company’s common stock following a year of record earnings. The special cash dividend will be payable on December 13, 2023, to shareholders of record on November 29, 2023.
The announcement comes on the heels of a successful fiscal year for Harleysville Financial Corporation, which reported record earnings of $12,223,000. The increased earnings per share and the robust strength of the balance sheet have facilitated the Board’s decision to declare this special cash dividend.
President and Chief Executive Officer Brendan J. McGill expressed his satisfaction with the Company’s performance. “With the Company’s record earnings, increased earnings per share, and underlying strength of our balance sheet this past year, the Board is pleased to be able to declare this special cash dividend on the common stock. The nonrecurring special dividend is indicative of the Company’s continued commitment to enhance shareholder value.”
Harleysville Financial Corporation, traded on the OTCQX market under the symbol HARL, is the holding company for Harleysville Bank. Established in 1915, Harleysville Bank is a Pennsylvania chartered and federally insured bank, headquartered in Harleysville, PA. The Bank operates from six full-service offices located in Montgomery County and one full-service office located in Bucks County, Pennsylvania.
This special cash dividend declaration signals a positive outlook for Harleysville Financial Corporation and its shareholders. It underscores the Company’s commitment to delivering value to its shareholders and reflects its strong financial performance in the past year.
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