Harleysville Savings Financial increases cash dividend; shares down 5%

Harleysville Savings Financial Corp. (Nasdaq:HARL) is down 5% today despite announcing midday there would be an increase in the regular quarterly cash dividend to $0.18 per share, up from $0.17 per share. The Harleysville, Pa.-based company said this is the 84th consecutive quarter it has paid a cash dividend to stockholders. The dividend will be payable on Aug. 20 to shareholders of record on Aug. 6.

Additionally, the banking company reported net income for the nine months ended June 30 was $2.8 million, or $0.77 per share, compared with $2.5 million, or $0.64 per share, for the same period a year ago.

In today’s trading, shares of Harleysville Savings are at $10.70, down $0.55 from Tuesday’s close.

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