HEPPNER — The Board of Directors of BEO Bancorp voted recently to declare a $0.95 per share dividend for 2020. The dividend will be paid to shareholders of record as of Dec. 8, payable on or before Dec. 15, according to a press release.
Board Chairman Joe Gonzales Jr. said BEO Bancorp has paid a dividend to shareholders in 34 of the past 35 years, and the 2020 dividend is an increase from the prior year
“The dividend of $0.95 per share compares to a $0.90 dividend paid in 2019, an increase of 5.55%," said President and CEO Jeff Bailey. "It is indicative of Bank of Eastern Oregon’s strong capital position. The board of directors and employees work hard to improve the overall strength of the bank, add value to our shareholders, as well as provide the brand of banking that our customers appreciate and expect from Bank of Eastern Oregon. The support of our shareholders, communities and employees have made it possible for us to continue to be successful.”