The Board of Directors of First National Community Bancorp declared a third quarter dividend of 11 cents per share, payable September 17th to shareholders of record on September 8, 2008. The payment represents a 6% increase over the cash dividend paid in the third quarter of last year after adjusting for the 25% stock dividend paid December 27, 2007. The increase was made possible by the continued growth of the company and the improved earnings recorded over the past twelve months.
The company's subsidiary, First National Community Bank, conducts business from twenty offices located throughout Lackawanna, Luzerne, Monroe and Wayne counties.
The company d a 5-for-4 stock split effected in the form of a 25% stock dividend. The stock dividend was paid December 27, 2007. As a result of the dividend, all shareholders of record on December 17th received one additional share of stock for every 4 shares owned on that date.
The company also paid a 10% stock dividend on March 31, 2006, and a 100% stock dividend on September 30, 2004 and January 31, 2003.