BEO Bancorp has announced an 85 cent per share dividend for 2018.

President and CEO Jeff Bailey said it will be paid to shareholders of record as of Dec. 3, payable on or before Dec. 14.

The company has paid a dividend in 32 of the past 33 years, board chairman Joel Peterson said.

“Dividends reflect the financial stability and profitability of the bank,” he said.

The dividend is 5 cents greater than last year.

“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,” Bailey said. “The support of our shareholders, communities and employees have made it possible for us to continue to be successful.”

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