Cascade Financial Increases Quarterly Cash Dividend and Schedules Third Quarter Conference Call.EVERETT, Wash. -- Cascade Financial Corporation (Nasdaq:CASB CASB Cost Accounting Standards Board CASB Colorado Association of School Boards CASB Canadian Aviation Safety Board CASB Catalogs and Surveys Branch CASB Chinese Association at Stony Brook CASB Council for the Advancement of Small Business ), parent company of Cascade Bank, today announced that its Board of Directors has increased the quarterly cash dividend to $0.08 per share. Including the 5-for-4 stock split issued in May and the dividend increase, the cash payout is up 11% from a year ago. The next dividend will be paid on October 25 to shareholders of record on October 11, 2006. Additionally, Cascade expects to release third quarter results after the close of the market on Tuesday, October 24, 2006. The following day, on Wednesday, October 25, Carol K. Nelson, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , and Lars Johnson, EVP EVP Executive Vice President EVP EGR (Exhaust Gas Recirculation) Valve Position Sensor EVP Electronic Voice Phenomenon EVP Europäische Volkspartei (Germany) EVP Employee Value Proposition and CFO See Chief Financial Officer. , will discuss the bank's operating results in a conference call at 11:00 am PDT PDT abbr. Pacific Daylight Time PDT Pacific Daylight Time PDT n abbr (US) (= Pacific Daylight Time) → hora de verano del Pacífico PDT (2:00 pm EDT EDT abbr. Eastern Daylight Time EDT Eastern Daylight Time EDT n abbr (US) (= Eastern Daylight Time) → hora de verano de Nueva York EDT ). Interested investors may listen to the call live or via replay at www.cascadebank.com. Investment professionals are invited to dial 303-262-2137 to participate in the call. A replay will be available for a month at 303-590-3000, using passcode 11071876#. Investors wishing to reinvest the upcoming dividend must complete the enrollment through the company's transfer agent, Mellon Investor Services. For complete details on this program, please visit the investor relations Investor relations The process by which the corporation communicates with its investors. portion of the company's website at www.cascadebank.com/shareholderinfo or at www.melloninvestor.com. Interested parties may also contact Mellon Investor Services toll-free at 800-839-2983. About Cascade Financial Established in 1916, Cascade Bank, the only operating subsidiary of Cascade Financial Corporation, is a state chartered commercial bank headquartered in Everett, Washington. Cascade Bank has proudly served the Puget Sound region for over 90 years and operates 19 full service offices, located in Everett, Lynnwood, Marysville, Mukilteo, Smokey Point, Issaquah, Clearview, Woodinville, Lake Stevens, Bellevue, Snohomish and North Bend, with a Shoreline office scheduled to open next summer. Earlier this month, Ryan Beck & Co. ranked CASB #56 on its list of top performing U.S. bank stocks, based on a 5 year total return. |
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