Tag Archives: stock dividend

What happens from an accounting standpoint when FNB Bancorp issues a stock dividend?

FNB Bancorp recently declared a stock dividend, according to a recent news release[1]: FNB Bancorp (OTCQB: FNBG), the holding company for First National Bank of Northern California, announced that its Board of Directors has declared a stock dividend of approximately 210,709 shares, payable at the rate of one share of Common Stock for every twenty (20) shares of […]

Continue reading

What does the 2% stock dividend at Arrow Financial Services mean for shareholders?

Arrow Financial Corporation (AROW) declared a stock dividend on August 28, 2013. The following news release appeared in PR Newswire:  “GLENS FALLS, N.Y., Aug. 28, 2013 /PRNewswire/ — Thomas J. Murphy, President and CEO, announced that a 2% stock dividend was declared on August 28, 2013 and will be distributed on September 27, 2013. Shareholders of record on September 19, 2013, will […]

Continue reading