American Church Mortgage Company Declares First Quarter Dividend
April 25 2007 - 3:04PM
PR Newswire (US)
MINNETONKA, Minn., April 25 /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 first quarter ended March 31, 2007 of
$.1625 per share, representing an annualized dividend yield of
6.50%. The dividend will be paid on April 30, 2007 to shareholders
of record as of March 31, 2007. Total revenues for the first
quarter were $1,068,590, up from $978,290 for the first quarter of
2006. 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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