Printer Friendly

NORTHEAST FEDERAL DECLARES STOCK DIVIDEND ON ITS $8.50 CUMULATIVE PREFERRED STOCK, SERIES B

 HARTFORD, Conn., May 21 /PRNewswire/ -- Northeast Federal Corp. (NYSE: NSB), the holding company for Northeast Savings, F.A., announced today that its board of directors declared a dividend equal to $9.75 per share on its $8.50 cumulative preferred stock, Series B (preferred stock). This dividend will be payable in additional shares of preferred stock, at the rate of one share of preferred stock for each $100 of dividend amount, on July 1, 1993 to holders of record at the close of business on June 14, 1993.
 The dividend reflects the dividend for the current quarterly period and all accumulated and unpaid dividends on the preferred stock. At present, all of the outstanding shares of preferred stock are held by one holder.
 Northeast Savings, F.A. is one of the largest thrift institutions based in Neg?land, with almost 160 years of service to its customers. Northeast Savings operates 54 retail branches throughout New York, Connecticut, Massachusetts, Rhode Island, and Southern California, and has mortgage lending offices in San Diego, Calif.; Greenwich, Conn.; Denver, Colo.; and Portland, Ore.
 -0- 5/21/93
 /CONTACT: Kirk W. Walters, president, chief operating officer and chief financial officer of Northeast Federal, 203-280-1183/
 (NSB)


CO: Northeast Federal Corp. ST: Connecticut IN: FIN SU: DIV

SM -- NE013 -- 1331 05/21/93 16:47 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 21, 1993
Words:219
Previous Article:CITIZENS FINANCIAL GROUP ACQUIRES NEW ENGLAND SAVINGS BANK; ACQUISITION INTRODUCES CITIZENS TO THIRD NEW ENGLAND STATE
Next Article:AILEEN, INC. REPORTS SECOND QUARTER RESULTS
Topics:


Related Articles
HOUSTON LIGHTING AND POWER DECLARES DIVIDENDS
HOUSTON LIGHTING & POWER DECLARES DIVIDENDS
HOUSTON LIGHTING & POWER DECLARES DIVIDENDS
HOUSTON LIGHTING & POWER COMPANY DECLARES DIVIDEND
BANKERS TRUST DECLARES PREFERRED STOCK DIVIDENDS
Bankers Trust Declares Preferred Stock Dividends
Bank of America declares dividends on preferred stock.
UCBH Holdings declares dividends.
GMAC Financial Services declares dividends.
Morgan Stanley declares quarterly dividends.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters