Burke and Herbert Bank declares dividend


Burke and Herbert Bank and Trust recently announced an $18 per share dividend to its stockholders of record for August 13. It will be paid September 1.

The boards action recognizes another outstanding earnings performance with a second quarter net income of $6.3 million, according to a company statement. Year-to-date earnings through June 30 amounted to $15.7 million.

Were proud to continue to create high value for our shareholders as we serve the banking needs of consumers and businesses in Northern Virginia, said E. Hunt Burke, chairman and CEO.

Earnings per share for the second quarter of 2010 amounted to $81.83. The $18 dividend represents a 20 percent increase over the $15 paid in the same period in 2009, while 2010 year-to-date dividends of $36 represent a 33 percent increase over the same period last year.