BEO Bancorp has announced a $0.75 per share dividend for 2016.

President and CEO Jeff Bailey said in a press release it will be paid to shareholders of record as of Dec. 5, payable by Dec. 15.

“The dividend of $0.75 per share is 7.14 percent higher than last year’s dividend of $0.70 per share and shows a continued upward trend in dividend pay out to our shareholders,” Bailey said. “It is indicative of Bank of Eastern Oregon’s strong capital position.”

According to Board Chairman George Koffler, the company has paid a dividend 30 of the past 31 years.

Bailey said the board of directors and employees work hard to improve the overall strength of the bank, add value to our shareholders and provide the brand of banking customers appreciate and expect.

“The support of our shareholders, communities and employees have made it possible for us to succeed,” he said. “We are pleased to be in a position to provide this dividend to our shareholders.”