Mid-Southern Bancorp, Inc. Announces a 50 Percent Increase in its Quarterly Cash Dividend
26 Outubro 2022 - 5:05PM
Mid-Southern Bancorp, Inc. (“Company”) (Nasdaq:MSVB), the holding
company for Mid-Southern Savings Bank, FSB (“Bank”), announced that
its Board of Directors declared a quarterly cash dividend of $0.06
per share on the Company’s outstanding common stock, an increase of
50 percent versus the prior quarterly dividend rate of $0.04 per
share. The cash dividend will be payable on November 25, 2022
to shareholders of record as of the close of business on
November 10, 2022. The declaration and payment of future
dividends to holders of the Company’s common stock will be at the
discretion of the Board of Directors, and will depend upon many
factors, including the Company’s financial condition, earnings,
capital requirements of its businesses, legal requirements,
regulatory constraints, industry practice, and other factors that
the Board of Directors deems relevant.
About the Company
Mid-Southern Bancorp, Inc. is the parent of
Mid-Southern Savings Bank, FSB. The Bank is a federally chartered
savings bank headquartered in Salem, Indiana, approximately
40 miles northwest of Louisville, Kentucky. The Bank conducts
business from its main office in Salem and through its branch
offices located in Mitchell and Orleans, Indiana and loan
production offices located in New Albany, Indiana and Louisville,
Kentucky.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains certain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. Such forward looking statements may be identified by
reference to a future period or periods, or by the use of
forward-looking terminology, such as “estimate,” “project,”
“believe,” “intend,” “anticipate,” “plan,” “seek,” “expect,”
“will,” “may,” “continue,” or similar terms or variations on those
terms, or the negative of those terms. Forward-looking statements,
by their nature, are subject to risks and uncertainties. Certain
factors that could cause actual results to differ materially from
expected results include the effect of the COVID-19 pandemic,
including on our credit quality and business operations, as well as
its impact on the real estate and economic environment,
particularly in the market areas in which the Bank operates;
increased competitive pressures; changes in the interest rate
environment; general economic conditions or conditions within the
securities markets; and legislative and regulatory changes
affecting financial institutions, including regulatory compliance
costs and capital requirements that could adversely affect the
business in which the Company and the Bank are engaged; and other
factors described in the Company’s latest Annual Report on Form
10-K and Quarterly Reports on Form 10-Q and other filings with the
Securities and Exchange Commission that are available on our
website at mid-southern.com and on the SEC's website at
www.sec.gov.
The factors listed above could materially affect
the Company’s financial performance and could cause the Company’s
actual results for future periods to differ materially from any
opinions or statements expressed with respect to future periods in
any current statements.
Except as required by applicable law, the
Company does not undertake – and specifically declines any
obligation – to publicly release the result of any revisions which
may be made to any forward-looking statements to reflect events or
circumstances after the date of such statements or to reflect the
occurrence of anticipated or unanticipated events. When considering
forward-looking statements, you should keep in mind these risks and
uncertainties. You should not place undue reliance on any
forward-looking statement, which speaks only as of the date
made.
Contact:Alexander G.
Babey, President and Chief Executive OfficerRobert
W. DeRossett, Chief Financial OfficerMid-Southern
Bancorp, Inc.812-883-2639
Mid Southern Bancorp (NASDAQ:MSVB)
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