Luxemburg Bancshares, Inc., parent company of Bank of Luxemburg, announced the approval of a semi-annual dividend of $0.58 per share, payable on December 15, 2016 to shareholders of record as of December 1, 2016. The current dividend is an increase of $0.02, compared to the June 2016 dividend of $0.56 per share paid on June 15, 2016.
“Increasing dividends are an example of the strong financial position of Luxemburg Bancshares, Inc. and Bank of Luxemburg,” said Bank of Luxemburg President John Slatky. “2016 was another solid year for the Bank, and the Company is expecting to exceed this year’s budgeted financial goals.”
Bank of Luxemburg and Luxemburg Bancshares, Inc. have banking offices in Luxemburg, Green Bay, Dyckesville, Casco, Algoma, Kewaunee and Sturgeon Bay. The company also offers investment services, financial planning and the sale of alternative investments to its customers in each community.