American Church Mortgage Company Declares Fourth Quarter Dividend
January 24 2007 - 3:54PM
PR Newswire (US)
MINNETONKA, Minn., Jan. 24 /PRNewswire-FirstCall/ -- AMERICAN
CHURCH MORTGAGE COMPANY (OTC:ACMC), Minnetonka, Minnesota,
announced today the declaration by its Board of Directors of a
shareholder dividend for its fourth quarter ended December 31, 2006
of $.159375 per share, representing an annualized dividend yield of
6.375%. Total dividends for 2006 were $0.5875 per share. The
dividend will be paid on January 31, 2007 to shareholders of record
as of December 31, 2006. Total revenues for the fourth quarter were
$1,010,240, up from $917,213 for the fourth quarter of 2005.
Overall for 2006, revenues increased by 5.11% over 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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