Absecon Bancorp announced that its Board of Directors authorized a cash dividend in the amount of $3.00 per share on November 22, 2023. The annual cash dividend of $3.00 per share is payable on January 20, 2024 to stockholders of record holding shares of common stock at the close of business on December 29, 2023. Mr. Gaupp also announced that the company will begin paying a quarterly dividend beginning in 2024 replacing the current practice of annual dividends.