With nearly 700 shareholders, the CEO says it is the most widely held stock of any Tampa bank.
A stock dividend by First Citrus Bancorporation is a way for the Tampa bank to thank its shareholders for its success, said Jack Barrett, president and CEO.
The company, the parent of First Citrus Bank, said on Friday that its board of directors had declared a 5 percent stock dividend, payable on Oct. 17 to shareholders of record as of Oct. 3. The dividend would give existing investors one additional share of stock for every 20 shares they already own.
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