American Bancorp of New Jersey, Inc. Announces Cash Dividend
February 27 2008 - 3:30PM
Business Wire
American Bancorp of New Jersey, Inc. (NASDAQ: ABNJ) (the Company),
holding company of American Bank of New Jersey (the Bank),
announced today that its Board of Directors has declared a
quarterly cash dividend of $0.04 per share to stockholders of
record as of March 12, 2008 payable on or about March 26, 2008. The
cash dividend is being paid to provide a return to stockholders.
The payment of future dividends will be subject to the Board's
periodic review of the financial condition, earnings, and capital
requirements of the Company and the Bank. As of December 31, 2007,
the Company had consolidated total assets of $568.7 million and
stockholders' equity of $96.5 million. The Bank is a federally
chartered stock savings bank which conducts business from its main
office in Bloomfield, New Jersey and its branch offices in Cedar
Grove, Verona, Nutley and Clifton, New Jersey. The foregoing
material contains forward-looking statements concerning our
financial condition, results of operations and business. We caution
that such statements are subject to a number of uncertainties and
actual results could differ materially, and, therefore, readers
should not place undue reliance on any forward-looking statements.
We do not undertake, and specifically disclaim, any obligation to
publicly release the results of any revisions that may be made to
any forward-looking statements to reflect the occurrence of
anticipated or unanticipated events or circumstances after the date
of such statements.
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