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AMERIFED INCREASES QUARTERLY DIVIDEND TO $.15

 JOLIET, Ill., Dec. 22 /PRNewswire/ -- AmeriFed Financial Corp. (NASDAQ: AFFC) today announced that its board of directors had increased its regular quarterly cash dividend from 12-1/2 cents to 15 cents per share to be paid on Jan. 13, 1993 to shareholders of record on Jan. 4, 1993. Annualized, the cash dividend amounts to 60 cents per common share.
 Robert B. Breidert, president and chief executive officer of AmeriFed, commented: "The board's decision to increase the regular cash dividend reflects AmeriFed's financial performance and our belief that our core earnings potential continues to increase."
 AmeriFed Financial Corp., which completed its stock offering in October 1991, is the holding company for AmeriFed Federal Savings Bank. An $899 million institution with 10 offices located in and around Will County, Ill., an area in the southwest quadrant of the Chicago area market. The company's stock is traded on NASDAQ National Market System under the symbol AFFC.
 -0- 12/22/92
 /CONTACT: Joan Shain, investor relations of AmeriFed Financial Corp., 815-727-0370; or Gary Strong or Nick Farina, 312-266-7800, of the Financial Relations Board for AmeriFed Financial Corp./
 (AFFC)


CO: AmeriFed Financial Corp. ST: Illinois IN: FIN SU: DIV

PS -- NY038 -- 9151 12/22/92 12:38 EST
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Publication:PR Newswire
Date:Dec 22, 1992
Words:203
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