Lincoln Bancorp Declares Another Stock Dividend

Directors of Lincoln Bancorp, the parent of Lincoln National Bank, declared a 5% stock dividend, the company’s third such pay-out in the past two years.

Lincoln, an Encino-based bank that caters mostly to business clients, said the dividend will be payable June 20 to stockholders of record as of May 19. After the dividend is paid, Lincoln will have 2.7 million total common shares outstanding.