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Emclaire Financial Increases Quarterly Dividend 11.1 Percent
Feb 22 - The board of directors of Emclaire Financial Corp. (Nasdaq:EMCF), the parent holding company of the Farmers National Bank of Emlenton, Pa., declared a quarterly cash dividend on Feb. 20, 2013, of 20 cents per common share payable on March 22, 2013, to shareholders of record on March 1, 2013. The 20 cents per share quarterly dividend represents an 11.1 percent increase in quarterly dividends from the 18 cents per common share dividend rate declared and paid each quarter during 2012. This quarterly dividend reflects an annualized dividend yield of 3.5 percent based on the stock's closing price of $22.75 per share on Feb. 19, 2013.
William C. Marsh, chairman, president and CEO of the corporation and the bank, noted that the dividend increase reflects the corporation's continued growth and strong financial performance in recent quarters.
Emclaire Financial Corp. is the parent company of the Farmers National Bank of Emlenton, an independent, nationally chartered, FDIC-insured community commercial bank headquartered in Emlenton, Pa., operating 13 full-service offices in Venango, Butler, Clarion, Clearfield, Crawford, Elk, Jefferson and Mercer Counties in Pennsylvania. The corporation's common stock is quoted on and traded through NASDAQ under the symbol "EMCF." For more information visit the corporation's website at www.emclairefinancial.com.