Commercial Federal Increases Dividend 12.5 Percent.Business Editors OMAHA Omaha, city, United States Omaha (ō`məhä, –hô), city (1990 pop. 335,795), seat of Douglas co., E Nebr., on the west bank of the Missouri River; inc. 1857. , Neb.--(BUSINESS WIRE)--May 13, 2002 Commercial Federal Corporation announced today that its board of directors authorized a 12.5 percent increase in its regular quarterly cash dividend. The new quarterly cash dividend rate will be $.09 per share. This dividend will be payable to shareholders of record on June 30, 2002, and will be paid on July 15, 2002. "The increase in the dividend reflects the confidence of the board and management in the direction of the Company," stated William A. Fitzgerald, chairman and chief executive officer. "The Company has consistently elected to increase the dividend rate in an effort to help build long-term shareholder value." Commercial Federal Corporation (NYSE NYSE See: New York Stock Exchange :CFB CFB Canadian Forces Base ) is the parent company of Commercial Federal Bank, a $12.7 billion 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 that currently operates branches located in Iowa, Colorado, Nebraska, Kansas, Oklahoma Kansas is a town in Delaware County, Oklahoma, United States. The population was 685 at the 2000 census. Geography Kansas is located at (36.202423, -94.795122)GR1. , Missouri, Arizona and Minnesota. Commercial Federal operations include consumer and commercial banking, mortgage banking, agricultural lending, insurance and investment services, and Internet banking. |
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