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Wayne Savings Bancshares Increases Quarterly Dividend

 

June 28 - Wayne Savings Bancshares Inc. (Nasdaq: WAYN), the stock holding company parent of Wayne Savings Community Bank in Wooster, Ohio, has declared a cash dividend of 8 cents per share of the company's common stock for the quarter ending June 30, 2013, an increase of 1 cent, or 14 percent, from the previous quarter's 7 cents dividend per share. This represents an annualized dividend of 32 cents per share. The quarterly cash dividend will be paid on July 31, 2013, to stockholders of record as of July 17, 2013.

At March 31, 2013, Wayne Savings Bancshares Inc. reported total assets of $399.6 million, deposits of $326.7 million and stockholders' equity of $39.8 million, or 9.97 percent of total assets.

Established in 1899, Wayne Savings Community Bank, the wholly owned subsidiary of Wayne Savings Bancshares Inc., has 11 full-service banking locations in the communities of Wooster, Ashland, Millersburg, Rittman, Lodi, North Canton and Creston, Ohio.


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