Cooperative Bankshares Announces 40% Dividend Increase.

WILMINGTON, N.C. -- Cooperative Bankshares, Inc. (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 : COOP), announced that the Board of Directors declared the 2004 second quarter dividend of $0.07 per share, a 40% increase over the $0.05 paid in the second quarter of 2003.

Declared by the Board on June 22, 2004, the dividend is payable on the 16th day of July, 2004, to stockholders of record as of July 1, 2004.

Cooperative Bankshares, Inc. (NASDAQ: "COOP") is the parent company of Cooperative Bank Cooperative bank may refer to:

Cooperative banking (often spelled 'co-operative' banking) is the practice of using or operating a cooperative bank or credit union
The Co-operative Bank, a bank in the United Kingdom
National Cooperative Bank, a bank in the United States

. Chartered in 1898, Cooperative Bank provides a full range of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page. through 21 offices in Eastern North Carolina Eastern North Carolina or (often abbreviated as ENC) is the region of North Carolina which includes the eastern third of North Carolina. It includes the Outer and Inner banks, thus it is often known geographically as the state's coastal region. .

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Publication:	Business Wire
Geographic Code:	1USA
Date:	Jul 1, 2004
Words:	98
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