American Church Mortgage Company Declares Third Quarter Dividend
October 25 2006 - 3:59PM
PR Newswire (US)
MINNETONKA, Minn., Oct. 25 /PRNewswire-FirstCall/ -- AMERICAN
CHURCH MORTGAGE COMPANY ("ACMC") (Pink Sheets: ACMC), Minnetonka,
Minnesota, announced today the declaration by its Board of
Directors of a shareholder dividend for its third quarter ended
September 30, 2006 of $.153125 per share, representing an
annualized dividend yield of 6.125%. The dividend will be paid on
October 31, 2006 to shareholders of record as of September 30,
2006. Total revenues for the third quarter were $967,508 versus
$985,254 for the third quarter of 2005. The Company operates as a
real estate investment trust and revenues of the Company are
derived primarily from interest income earned from loans to
churches and other non-profit religious organizations. Information
concerning ACMC is available on its website,
http://www.church-loans.net/ or by calling (800) 815-1175 extension
124. DATASOURCE: American Church Mortgage Company CONTACT: Scott J.
Marquis, Vice President of American Church Mortgage Company,
+1-952-252-0909 Web site: http://www.church-loans.net/
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