Bank Mutual Corporation Announces Quarterly Cash Dividend of $0.035 Per Share.Business Editors MILWAUKEE--(BUSINESS WIRE)--Nov. 3, 2003 Bank Mutual Corporation (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 :BKMUD) (NASDAQ:BKMU) today announced that the Board of Directors has declared a quarterly cash dividend of $0.035 per share. On an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. basis, this cash dividend represents a 51.2% increase over the cash dividends paid in 2002 (adjusted to reflect the exchange ratio in the recent conversion transaction). The cash dividend will be payable December December: see month. 2, 2003 to shareholders of record on November 19, 2003. The quarterly cash dividend of $0.035 is the twelfth cash dividend paid by Bank Mutual Corporation since becoming a capital stock organization in November 2000. Bank Mutual Corporation is traded on The NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. (R) under the symbol "BKMUD" until November 28, 2003 and thereafter, under the BKMU symbol. The Company has recently converted to a fully shareholder-owned form of organization from its prior mutual holding company structure. The Company is the fifth largest banking institution headquartered in the state of Wisconsin Wisconsin, state, United States Wisconsin (wĭskŏn`sən, –sĭn), upper midwestern state of the United States. It is bounded by Lake Superior and the Upper Peninsula of Michigan, from which it is divided by the Menominee , with assets at September 30, 2003 of $2.8 billion. Its subsidiary bank, Bank Mutual, operates 70 offices in the state of Wisconsin and one office in Minnesota. |
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