Seven years after opening their doors, the Community Bank Canungra & District will return the first dividend to shareholders.
Board Chairperson, Janine Rockliff announced the dividend at the Annual General Meeting on 23 November.
A dividend of five cents (a three cent ordinary and two cent special dividend) will be paid to shareholders on 29 February 2024.
Janine led a steering committee that campaigned heavily to bring full banking services back to Canungra – a town that had been without a bank for thirty years.
“This was only possible with the help of our shareholders to raise the capital required to open the branch,” she said.
“From our humble beginnings initially at a Canungra Chamber of Commerce meeting, the steering committee worked tirelessly to gather the support of potential shareholders and customers.”
“This in turn led to the agency which was affectionately known as the “tardis” at The Canungra Times office and saw the business book grow as customers began to move their banking.”
“A huge thank you to each and every customer as we continue to grow!”
The Bank has faced many challenges over the past seven years, particularly during the covid pandemic, but they have still been able to contribute to community groups using Bendigo Bank’s Marketing Development Fund.
“Now it is time to return something to our shareholders,” said Janine.
Shareholders should have received an email to register with the AFS Online Share Registry Service which will collect information including shareholders’ tax file numbers, bank account details and email addresses.
Janine said it is important for all shareholders to complete this information so that the dividend can be paid.
Shareholders who haven’t received the email, should email canungracbshares@gmail.com or contact AFS direct on shareregistry@afsbendigo.com.au or 03 5443 0344.
