Luxemburg Bancshares, Inc., parent company of Bank of Luxemburg, announced the approval of a semi-annual dividend of $.51 per share, payable on December 16, 2011, to shareholders of record as of December 5, 2011. The dividend was the same $0.51 per share paid on June 24, 2011.
The Company’s earnings as of September 30, 2011 totaled $1,465,967, which equates to annualized earnings of $1,954,623. The Book Value per share increased to $44.57, with Earnings per share of $2.83, as compared to a Book Value per share of $41.16 and Earnings per share of $2.41, as of September 30, 2010.
President John Slatky noted,
“The dividend reflects an improvement in earnings in 2011 and is an example of the solid financial position of Luxemburg Bancshares, Inc. and Bank of Luxemburg. While the Bank continues to contend with the challenging economy and the current real estate market, the Bank is profitable and expects to remain profitable.”Luxemburg Bancshares, Inc. and Bank of Luxemburg have banking offices in Luxemburg, Green Bay, Forestville, Dyckesville, Casco and Algoma. The company also operates Raymond James Financial Services, offering financial planning and the sale of alternative investments to its customers in each community.