FIRST FEDERAL REINSTATES AND RAISES DIVIDEND
FIRST FEDERAL REINSTATES AND RAISES DIVIDEND LA CROSSE, Wis., Nov. 7 -- First Federal Capital Corp.
(NASDAQ: FTFC), parent company of First Federal Savings Bank La Crosse - Madison, announced today that it has reinstated and raised the dividend on its common stock to $.14 per share from the $.12 a share paid in the third quarter of 1990. The dividend will be payable Dec. 16th to stockholders of record on Nov. 29th.
In making the announcement, company president and chief executive officer Thomas W. Schini stated, "We are pleased that our strong 1991 earnings and solid capital position allow us to increase shareholder value through the resumption of a dividend. Since suspending dividends at the end of the third quarter last year, our shareholders' equity has risen over $8 million, an increase of more than 20 percent." For the first nine months of 1991, the company reported net income of $6 million or $3.17 per share. At Sept. 30, 1991, shareholders' equity totalled $48.3 million or $25.44 per share. First Federal Capital Corp. shares are traded on the NASDAQ National Market System under the symbol FTFC. -0- 11/7/91 /CONTACT: Robert N. Rousey of First Federal Capital Corp., 608-784-8000/ (FTFC) CO: First Federal Capital Corp. ST: Wisconsin IN: FIN SU: DIV JS -- MN019 -- 2446 11/07/91 18:01 EST
|Printer friendly Cite/link Email Feedback|
|Date:||Nov 7, 1991|
|Previous Article:||STEELWORKERS, LUKENS BACK TO TABLE IN NEGOTIATIONS FOR FAIR CONTRACT|
|Next Article:||SCHWAB INTRODUCES NEW MUTUAL FUND|