Announcement: Staten Island Bancorp, Inc. Increases Quarterly Cash Dividend by 10.0%.Business Editors STATEN ISLAND, N.Y.--(BUSINESS WIRE)--April 17, 2002 Staten Island Bancorp, Inc. (NYSE NYSE See: New York Stock Exchange : SIB)(the "Company") announced today that its Board of Directors has declared a cash dividend of $0.11 per share on the Common Stock of the Company, an increase of $0.01 or 10.0% from the cash dividend paid for the fourth quarter of 2001. The dividend will be payable May 13, 2002 to the stockholders of record at the close of business on April 29, 2002. Staten Island Bancorp, Inc. is the holding company for SI Bank & Trust. The Bank was chartered in 1864 and now operates seventeen full service branches and three limited service branches on Staten Island, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and two full service branches in Brooklyn, New York; two full service branches in Monmouth County, three full service branches in Union County, three full service branches in Middlesex County and six full service branches in Ocean County, New Jersey Ocean County is a county located in the U.S. state of New Jersey. It is the southernmost county in the New York metropolitan area; however the southern part of the county borders the Philadelphia metro area. Its county seat is Toms River6. . The Bank also operates SIB Mortgage Corp., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of SI Bank & Trust, which conducts business under the name Ivy Mortgage and has offices in 42 states. On March 31 2002, Staten Island Bancorp had $6.2 billion of total assets and $549.4 million of total 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. . |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion