Four Oaks Fincorp, Inc. Declares 2007 Fourth Quarter Dividend.FOUR OAKS, N.C. -- Four Oaks Fincorp, Inc.(OTCBB OTCBB See OTC Bulletin Board (OTCBB). :FOFN), holding company for Four Oaks Bank & Trust Company, today announced that the Board of Directors declared a cash dividend of 8 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. payable on or after December 7, 2007, to shareholders of record on November 30, 2007. This dividend is 25% higher than the fourth quarter 2006 dividend as adjusted to retroactively ret·ro·ac·tive adj. Influencing or applying to a period prior to enactment: a retroactive pay increase. [French rétroactif, from Latin reflect the 10% stock dividend payable on November 9, 2007. |
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