CANFIELD, Ohio--(BUSINESS WIRE)--On February 25, 2020, the Board of Directors of the Farmers National Banc Corp. (NASDAQ: FMNB) declared a quarterly cash dividend of $0.11 per share, representing a 22% increase over the same period last year. The common stock cash dividend will have a record date of March 13, 2020 and is payable to shareholders on March 31, 2020.
“I am pleased to announce the Board of Directors has approved a 22% year-over-year increase to the Company’s first quarter cash dividend representing our strong financial performance, our confidence in the future, and our commitment to returning capital to shareholders,” stated Kevin J. Helmick, President and CEO. “Our annual cash dividend has increased every year since 2015 and I am proud of this consistent performance.”
ABOUT FARMERS NATIONAL BANC CORP.
Founded in 1887, Farmers National Banc Corp. is a diversified financial services company headquartered in Canfield, Ohio, with $2.7 billion in banking assets. Farmers National Banc Corp.’s wholly-owned subsidiaries are comprised of The Farmers National Bank of Canfield, a full-service national bank engaged in commercial and retail banking with 41 banking locations in Mahoning, Trumbull, Columbiana, Stark, Wayne, Medina, Geauga and Cuyahoga Counties in Ohio and Beaver County in Pennsylvania; Farmers Trust Company, which operates four trust offices and offers services in the same geographic markets and Farmers National Insurance, LLC. Total wealth management assets under care at December 31, 2019 were $2.5 billion.