Andover, Ohio - Stephen E. Varckette, President of Andover Bancorp, Inc., the holding company of Andover Bank, announced that on January 3, 2023, the company paid a dividend of $0.375 per share for the second half of 2022.
 
This dividend, added to the first half dividend of $0.37, reflects a total dividend declared in 2022 of $0.745 per share, for an increase of 0.68% over the $0.74 dividend declared in 2021.
 
In making the announcement, Varckette added "This is the 40th consecutive year of not only paying a dividend but increasing that dividend from the prior year. We are proud to be able to continue our strong history of dividends, as it demonstrates the long-term financial strength of Andover Bank."