Auburn National Bancorporation, Inc. (NASDAQ:AUBN) to Issue $0.27 Quarterly Dividend

Auburn National Bancorporation, Inc. (NASDAQ:AUBN) announced a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Investors of record on Tuesday, December 10th will be given a dividend of 0.27 per share by the financial services provider on Thursday, December 26th. This represents a $1.08 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date of this dividend is Tuesday, December 10th.

Auburn National Bancorporation has raised its dividend by an average of 1.9% annually over the last three years and has raised its dividend every year for the last 22 years.

Auburn National Bancorporation Price Performance

NASDAQ:AUBN traded up $0.40 during trading hours on Thursday, reaching $22.00. 2,191 shares of the company were exchanged, compared to its average volume of 4,372. Auburn National Bancorporation has a 52-week low of $16.48 and a 52-week high of $25.25. The stock has a 50 day simple moving average of $21.29 and a 200 day simple moving average of $19.43. The firm has a market cap of $76.78 million, a price-to-earnings ratio of 86.40 and a beta of 0.55.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Auburn National Bancorporation in a research note on Thursday, October 10th. They set a “hold” rating for the company.

Auburn National Bancorporation Company Profile

Auburn National Bancorporation, Inc operates as the bank holding company for AuburnBank that provides various banking products and services in East Alabama. The company offers checking, savings, and transaction deposit accounts, as well as certificates of deposit. It also provides commercial, financial, agricultural, real estate construction, and consumer loan products; and other financial services.