American Bancorp of New Jersey, Inc. Announces Cash Dividend.BLOOMFIELD, N.J. -- American Bancorp of New Jersey, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ABNJ ABNJ American Bancorp of New Jersey, Inc ) (the Company), holding company of American Bank of New Jersey (the Bank), announced today that its Board of Directors has declared a quarterly cash dividend of $0.04 per share to stockholders of record as of December 7, 2007 payable on or about December 21, 2007. The cash dividend is being paid to provide a return to stockholders. The payment of future dividends will be subject to the Board's periodic review of the financial condition, earnings, and capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. of the Company and the Bank. As of September 30, 2007, the Company had consolidated total assets of $573.7 million and stockholders' equity Stockholders' Equity The portion of the balance sheet that includes capital received from investors in exchange for stock (paid-in capital), donated capital, and retained earnings. This is equal to total assets minus liabilities, preferred stock and intangible assets. of $100.6 million. The Bank is a federally chartered stock savings bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. which conducts business from its main office in Bloomfield, New Jersey and its branch offices in Cedar Grove, Verona, Nutley and Clifton, New Jersey Clifton is a city in Passaic County, New Jersey, United States. As of the United States 2000 Census, the city had a total population of 78,672. Clifton was incorporated as a city by an Act of the New Jersey Legislature on April 26, 1917, replacing Acquackanonk Township, . The foregoing material contains forward-looking statements concerning our financial condition, results of operations and business. We caution that such statements are subject to a number of uncertainties and actual results could differ materially, and, therefore, readers should not place undue reliance on any forward-looking statements. We do not undertake, and specifically disclaim, any obligation to publicly release the results of any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements. |
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