ACNB Corporation (NASDAQ:ACNB) Shares to Pay Special Dividend of $0.75

ACNB Corporation (NASDAQ:ACNB – Get Free Report) declared a special dividend on Wednesday, October 28th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.75 per share by the bank on Tuesday, December 15th. The ex-dividend date is Tuesday, December 1st.

ACNB has raised its dividend by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 8 consecutive years. ACNB has a payout ratio of 36.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect ACNB to earn $5.72 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 29.4%.

ACNB Price Performance

ACNB stock opened at $65.12 on Thursday. ACNB has a 1 year low of $42.60 and a 1 year high of $67.60. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.93 and a current ratio of 0.94. The stock’s 50 day moving average price is $64.05 and its 200 day moving average price is $56.52. The firm has a market cap of $662.27 million, a P/E ratio of 12.06 and a beta of 0.87.

ACNB (NASDAQ:ACNB – Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The bank reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.08. ACNB had a return on equity of 13.87% and a net margin of 27.16%. The company had revenue of $43.81 million during the quarter, compared to the consensus estimate of $43.02 million. On average, sell-side analysts expect that ACNB will post 5.72 earnings per share for the current fiscal year.

About ACNB

(Get Free Report)

ACNB Corporation (NASDAQ: ACNB) is a financial holding company headquartered in Gettysburg, Pennsylvania. Its principal subsidiary, ACNB Bank, provides community banking services to individuals, families, farmers, and businesses.

ACNB Bank offers deposit accounts, residential and commercial real estate lending, consumer loans, agricultural financing, business banking, cash-management services, and online and mobile banking. Through affiliated businesses, the company also provides insurance and wealth-management services.

Founded in 1857, ACNB serves communities in south-central Pennsylvania and central Maryland through its banking offices and digital channels.

See Also

Dividend History for ACNB (NASDAQ:ACNB)

Receive News & Ratings for ACNB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACNB and related companies with MarketBeat.com's FREE daily email newsletter.