American Bancorp of New Jersey, Inc. Announces Increased Quarterly Cash Dividend
May 21 2008 - 12:00PM
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 $0.05 per share to stockholders of
record as of June 11, 2008 payable on or about June 25, 2008. The
quarterly cash dividend of $0.05 per share represents an increase
of $0.01 per share from the $0.04 cash dividend paid to
shareholders during prior quarters. 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 March 31, 2008, the Company had consolidated total
assets of $624.4 million and stockholders' equity of $93.4 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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