Printer Friendly

East Penn Financial Corporation Announces Six Consecutive Years of Increased Dividend Payments.

EMMAUS, Pa. -- East Penn Financial Corporation (NasdaqCM:EPEN) announced that on July 20, 2006 its Board of Directors declared a regular cash dividend of $0.11 per share on its common stock for the second half of 2006. The dividend is payable on August 31, 2006 to all shareholders of record as of August 11, 2006.

Total cash dividends for 2006 are $0.22 per share and represent a 15.8% increase over 2005 semi-annual cash dividends of $0.19 per share. This is the sixth consecutive year that the Company has paid and increased its cash dividends, on an annualized basis, since it initiated its first cash dividend payment of $0.05 per share in 2001.

East Penn Financial Corporation, with assets of $423.3 million, is the bank holding company for its principal subsidiary, East Penn Bank, a locally owned community bank that serves the Lehigh Valley with 9 branch locations. East Penn Financial Corporation's stock is traded on the NASDAQ Capital Market under the symbol "EPEN". Additional information about East Penn Financial Corporation is available at www.eastpennbank.com.

This press release may contain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors. Such factors include the possibility that increased demand or prices for the company's financial services and products may not occur, changing economic and competitive conditions, technological developments, and other risks and uncertainties, including those detailed in East Penn Financial Corporation's filings with the Securities and Exchange Commission.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jul 24, 2006
Words:265
Previous Article:Tandy Leather Factory Schedules 2nd Quarter 2006 Earnings Announcement.
Next Article:Resource America, Inc. To Report Operating Results for Third Fiscal Quarter 2006 and To Host Conference Call and Webcast.
Topics:


Related Articles
River Valley Bancorp Announces Quarterly Dividend.
East Penn Financial Corporation Announces the Payment of an Increased Semi-Annual Cash Dividend for 2006.
Penn Virginia Corporation Declares Dividend.
Penn Virginia Corporation Declares Dividend.
AmSouth Announces Next Dividend to be Paid by Regions Financial Corp. as a Result of Merger.
Hormel Foods Increases Annual Dividend.
East Penn Financial Corporation Announces the Payment of an Increased Semi-Annual Cash Dividend for 2007.
Realty Income Increases Common Stock Monthly Dividend.
Penn Virginia Corporation Declares Dividend.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters