Pontiac Bancorp (OTCMKTS:PONT) Shares Up 6% – Here’s Why

Pontiac Bancorp, Inc. (OTCMKTS:PONTGet Free Report) shot up 6% during mid-day trading on Monday . The stock traded as high as $530.00 and last traded at $530.00. 10 shares traded hands during trading, a decline of 93% from the average session volume of 150 shares. The stock had previously closed at $500.00.

Pontiac Bancorp Price Performance

The business’s 50 day moving average is $501.20 and its 200-day moving average is $488.80.

Pontiac Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $2.55 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Pontiac Bancorp’s previous quarterly dividend of $2.35. This represents a $10.20 dividend on an annualized basis and a yield of 1.92%.

Pontiac Bancorp Company Profile

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Pontiac Bancorp, Inc provides various financial services to individuals and businesses in Livingston county, Grundy county, Tazewell County, McLean County, and their surrounding communities. The company accepts various deposit products, such as checking, savings, and money market accounts; and certificates of deposit.

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