Provident Financial Holdings, Inc. Declares Three-for-Two Stock Split and Fifty Percent Increase in Cash Dividend.Business Editors RIVERSIDE, Calif.--(BUSINESS WIRE)--Dec. 19, 2003 Provident Financial Provident Financial plc is a financial services group based in Bradford, England. It specialises in home credit, but also owns Vanquis Bank which offers credit cards. Domestic Operations Holdings, Inc. (Nasdaq:PROV PROV Province PROV Proverbs PROV Provisional PROV Provençal (language of France) Prov Providence, Rhode Island PROV Provision/Provisioning ), the holding company for Provident Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. , F.S.B., announced that the Company's Board of Directors has declared a 3-for-2 split of the Company's outstanding shares of Common Stock which will be in the form of a 50 percent stock dividend. Shareholders of record at the close of business on January 15, 2004, will receive one additional share of Common Stock for every two shares owned on that date. The additional shares will be distributed on February 2, 2004, and cash will be paid in lieu of any fractional shares. The Company also announced that the Board of Directors declared a quarterly cash dividend of $0.10 per share on the Company's post-split outstanding shares of Common Stock, effectively increasing the cash dividend by fifty percent. Shareholders of record at the close of business on January 20, 2004, will be entitled to receive the cash dividend. The cash dividend will be payable on February 6, 2004. Provident Financial Holdings, Inc. is the holding company of Provident Savings Bank, F.S.B. (the Bank), a federally chartered savings bank. The Bank is a 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. company committed to serving consumers and small to mid-sized businesses in the Inland Empire In·land Empire A region of the northwest United States between the Cascade Range and the Rocky Mountains, comprising eastern Washington, eastern Oregon, northern Idaho, and western Montana. Farming, lumbering, and mining are important to the area. region of Southern California. The Bank conducts its business operations as Provident Bank, Provident Bank Mortgage, and through its subsidiary, Provident Financial Corp. Business activities consist of community banking, mortgage banking, investment services and real estate operations. Additional information is available at www.myprovident.com. Safe-Harbor Statement Certain matters in this news release related to the timing and completion of a proposed three-for-two split of the Company's common stock constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements are based upon current management expectations, and may, therefore, involve risks and uncertainties as detailed in the Company's reports filed with the Securities and Exchange Commission, including the Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended June 30, 2003. |
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