12/17/2014 | Press release | Archived content
MILLERSBURG, Pa., Dec. 17, 2014 (GLOBE NEWSWIRE) -- Mid Penn Bancorp, Inc. ("Mid Penn") (Nasdaq:MPB), the parent company of Mid Penn Bank, today announced that its Board of Directors has declared a special dividend of $0.10 per common share based on expected earnings for the year 2014. The dividend is payable on January 19, 2015 to shareholders of record December 29, 2014.
"Mid Penn is in the process of finalizing a successful year and this special dividend, in addition to the regular quarterly dividend payments, is another way the Board of Directors is exercising their commitment to providing our shareholders with a meaningful return on their investment," said Mid Penn President and CEO Rory G. Ritrievi. Mid Penn feels confident the payment of a special dividend will not impact its ability to proceed with the Phoenix Bancorp transaction it announced in August of 2014.
Management considers subsequent events occurring after the balance sheet date for matters which may require adjustment to, or disclosure in, the consolidated financial statements. The review period for subsequent events extends up to and including the filing date of a public company's consolidated financial statements when filed with the Securities and Exchange Commission ("SEC"). Accordingly, the financial information in this announcement is subject to change.
SPECIAL CAUTIONARY NOTICE REGARDING FORWARD-LOOKING STATEMENTS
Certain of the matters discussed in this press release may constitute forward-looking statements for purposes of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, and as such may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Mid Penn to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. The words "expect", "anticipate", "intend", "plan", "believe", "estimate", and similar expressions are intended to identify such forward-looking statements.
Mid Penn's actual results may differ materially from the results anticipated in these forward-looking statements due to a variety of factors, including, without limitation:
All written or oral forward-looking statements attributable to Mid Penn are expressly qualified in their entirety by these cautionary statements.
CONTACT: Rory G. Ritrievi President Chief Executive Officer Edward P. Williams Interim Principal Financial Officer Mid Penn Bancorp, Inc.349 Union StreetMillersburg, PA 17061 1-866-642-7736Source: Mid Penn Bancorp, Inc.