The Board of Directors of Harleysville National Corporation (HNBC) announced that the company has approved a regular cash dividend of $.20 per share on 31,266,009 shares of outstanding common stock. Harleysville anticipates that the shares will be issued in connection with the recent acquisition of East Penn. The dividend is payable December 14, 2007, to shareholders of record on November 30, 2007.
Harleysville National Corporation, with assets of over $3.4 billion, is the holding company for Harleysville National Bank. Harleysville provides leading Investment Management and Trust Services and are currently traded on the NASDAQ Global Select Market.
“We are pleased to provide this cash dividend to reward our loyal shareholders,” said Paul Geraghty, President and CEO. “Total cash dividends paid and declared during 2007 were $.80 per share, a 6.4% increase from the $.752 per share paid last year.”
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