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INVESTORS SAVINGS CORP. DECLARES FIRST CASH DIVIDEND

 INVESTORS SAVINGS CORP. DECLARES FIRST CASH DIVIDEND
 WAYZATA, Minn., April 10 /PRNewswire/ -- The board of directors of


Investors Savings Corp. (NASDAQ: INVS) today announced the payment of the company's first-ever cash dividend on its common stock. Shareholders of record as of April 20, 1992, will receive a cash dividend of $.08 per share to be paid on May 5, 1992. The company had 2,414,660 common shares outstanding at March 23, 1992.
 James M. Burkholder, Investor Savings Corp.'s chairman, president and chief executive officer, noted that the company's earnings power and capital position have improved substantially in the last year. Earnings per share for 1991 were $2.01, a 146 percent increase over the 1990 level, while the company's core capital ratio grew to 5.28 percent, well ahead of current regulatory requirements.
 "Our strong financial performance has been rewarded with significant appreciation in the value of our common stock. We're pleased to be able to enhance the value we are producing for our shareholders with this first cash dividend," said Burkholder.
 Investors Savings Corp. is a savings and loan holding company whose principal asset is Investors Savings Bank, F.S.B., a federally chartered savings bank with eight retail banking officers and five residential mortgage production offices in the Twin Cities metropolitan area, one residential mortgage production office in Duluth and one residential mortgage production office in suburban Chicago.
 -0- 4/10/92
 /CONTACT: James M. Burkholder of Investor Savings Corp., 612-475-8500/
 (INVS) CO: Investors Savings Corp.; Investors Savings Bank F.S.B. ST: Minnesota IN: FIN SU: DIV


KH -- MN002 -- 7072 04/10/92 09:01 EDT
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Publication:PR Newswire
Date:Apr 10, 1992
Words:271
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