Luxemburg Bancshares Inc., parent company of Bank of Luxemburg, announced the approval of a semi-annual dividend of $0.70 per share, payable on Dec. 15, 2020 to shareholders of record as of Dec. 1, 2020.

The current dividend is an increase of $0.02, compared to the December 2019 dividend of $0.68 per share paid on December 16, 2019.

“Increasing dividends communicate financial well-being and shareholder value for Luxemburg Bancshares, Inc. as well as Bank of Luxemburg,” said Tim Treml, the bank president. “2020 was another strong year for the bank. Our financial strength allows us to continue to provide a positive impact in the communities we serve.”