American Church Mortgage Company Declares First Quarter Dividend
May 13 2008 - 5:28PM
PR Newswire (US)
MINNETONKA, Minn., May 13 /PRNewswire-FirstCall/ -- AMERICAN CHURCH
MORTGAGE COMPANY (Pink Sheets: ACMC), Minnetonka, Minnesota,
announced the declaration by its Board of Directors of a
shareholder dividend for its first quarter ended March 31, 2008 of
$.10 per share, representing an annualized dividend yield of 4.00%.
The dividend was paid on April 30, 2008 to shareholders of record
as of March 31, 2008. Net operating income for the first quarter
was $261,858, versus $418,528 for the first quarter of 2007. 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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