Luxemburg Bancshares, Inc., parent company of Bank of Luxemburg, announced the approval of a semi-annual dividend of $0.62 per share, payable on Dec. 15 to shareholders of record as of Dec. 1. The current dividend is an increase of $0.04, compared to the December 2016 dividend of $0.58 per share paid on Dec. 15, 2016.
“Increasing dividends communicate financial well-being and shareholder value for Luxemburg Bancshares, Inc. as well as Bank of Luxemburg,” said bank president Tim Treml. “2017 was another strong year for the bank. We are expecting to exceed our budgeted financial goals. Our financial strength allows us to continue to provide a positive impact in the communities we serve.”
Luxemburg Bancshares Inc. and Bank of Luxemburg have banking offices in Luxemburg, Green Bay, Dyckesville, Casco, Algoma, Kewaunee and Sturgeon Bay.