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National Penn Bancshares declares 3rd quarter dividend

By 69 News, follow: @69news, news@wfmz.com
Published On: Jul 24 2013 11:42:35 AM CDT

BOYERTOWN, Pa. -

National Penn Bancshares Inc. has declared a third quarter cash dividend of 10 cents per common share, payable to shareholders of record as of Aug. 3, 2013.

The cash dividend will be paid Aug. 16, 2013, officials said.

"The consistency of our financial performance and focus on maintaining the strength of our balance sheet has allowed us to provide a strong return of capital to our shareholders," said Scott V. Fainor, president and CEO of National Penn. "We are pleased to be able to continue to do so with the declaration of our third quarter dividend while remaining focused on prudently managing our capital to enhance overall shareholder value."

National Penn, headquartered in Boyertown, Berks Co., has approximately $8.3 billion in assets and 119 bank branches in Pennsylvania and one in Maryland.