WELLESLEY, Mass.--(BUSINESS WIRE)--Wellesley Bancorp, Inc. (Nasdaq Capital Market: WEBK) (the “Company”), the holding company for Wellesley Bank today announced that on May 20, 2015, its Board of Directors approved a quarterly cash dividend to its stockholders of $0.03 per common share to be paid on June 17, 2015 to stockholders of record as of the close of business on June 3, 2015. The approved dividend represents an increase of 20% over the prior quarter’s dividend.
About Wellesley Bancorp
The Company is the holding company for Wellesley Bank, a community-oriented financial institution. Wellesley Bank has been serving Wellesley and the greater Boston area since 1911. Our team of highly experienced and knowledgeable bankers provides exceptional and trusted advice to successful individuals, families, businesses, private partnerships, nonprofit organizations, foundations and trusts. We do so with the greatest degree of personal attention and confidentiality.