Breaking News: Alpine Banks of Colorado to Distribute Dividend to Shareholders in 2025!
GLENWOOD SPRINGS, Colo., Jan. 09, 2025 (GLOBE NEWSWIRE) —
Alpine Banks of Colorado (OTCQX: ALPIB) announced today that a quarterly cash dividend of $0.21 per Class B nonvoting common share will be paid on January 27, 2025, to shareholders of record at the close of business on January 20, 2025.
Per the Articles of Incorporation, dividends on the Class B nonvoting common stock shall be declared by the Board of Directors equal to one-one-hundred-fiftieth (1/150th) of the amount per share declared by the Board of Directors for each share of Class A voting common stock.
Alpine Banks of Colorado Class B nonvoting common shares are publicly traded on the OTCQX® Best Market under the symbol “ALPIB.”
How this will affect me:
As a shareholder of Alpine Banks of Colorado holding Class B nonvoting common shares, you can look forward to receiving a quarterly cash dividend of $0.21 per share. This additional income can contribute to your overall investment portfolio and provide you with a steady source of passive income.
How this will affect the world:
By distributing dividends to its shareholders, Alpine Banks of Colorado is showcasing financial stability and success in the banking sector. This can inspire confidence in other financial institutions and contribute to a positive outlook on the economy as a whole. Additionally, the distribution of dividends rewards shareholders for their investment in the company, fostering a sense of trust and loyalty in the banking industry.
Conclusion:
Overall, the announcement of Alpine Banks of Colorado distributing dividends to shareholders in 2025 signifies a positive milestone for both individual investors and the wider financial community. This move highlights the bank’s commitment to its shareholders and sets a strong precedent for financial growth and stability in the industry.
