AmeriServ Financial, Inc. declared a $0.03 per share quarterly common stock cash dividend. The cash dividend is payable February 20, 2024 to shareholders of record on February 5, 2024. This cash dividend represents a 3.87% annualized yield using the January 17, 2024, closing stock price of $3.10.

The Company's Board of Directors elected to continue the common dividend at its current level given the Company's strong capital position and expected earnings improvement in 2024.