CENFED Financial Corp. increases dividend by 20 percent.PASADENA, Calif.--(BUSINESS WIRE)--March 31, 1995--The board of directors of CENFED Financial Corp. (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 :CENF) Friday announced a 20 percent increase in its quarterly dividend and declared a cash dividend of 9 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. to be paid on May 5, to shareholders of record as of April 21. ``We are pleased to announce our third annual increase in the cash dividend. It reflects CENFED's philosophy that favorable financial performance by the company should be passed on to our shareholders. Since the completion of our initial public offering in 1991, we have twice increased the dividend by 50 percent and are increasing it by 20 percent today,'' stated D. Tad Lowrey, president and chief executive officer. He continued, ``We want our shareholders to know that we recognize the importance of our dividend record in creating shareholder value.'' CENFED Financial is the holding company for CenFed Bank, a Federal Savings Bank Noun 1. federal savings bank - a federally chartered savings bank FSB savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks which operates 20 branches in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Orange, Riverside and San Bernardino San Bernardino, city, United States San Bernardino (săn bûr'nədē`nō), city (1990 pop. 164,164), seat of San Bernardino co., S Calif., at the foot of the San Bernardino Mts.; inc. 1854. counties in Southern California. CONTACT: CENFED Financial Corp., Pasadena Steven P. Neiffer, 818/585-2500 or Morgen-Walke Associates Doug Sherk/Jenifer Kirtland, 415/296-7383 Jill Ruja/Dave Faupel, 212/850-5600 |
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