Printer Friendly

STANDARD FEDERAL BANK DECLARES 10-PERCENT INCREASE IN REGULAR QUARTERLY DIVIDEND, FROM $0.10 PER SHARE TO $0.11 PER SHARE

STANDARD FEDERAL BANK DECLARES 10-PERCENT INCREASE IN REGULAR QUARTERLY
 DIVIDEND, FROM $0.10 PER SHARE TO $0.11 PER SHARE
 TROY, Mich., Jan. 16 /PRNewswire/ -- Thomas R. Ricketts, chairman and chief executive officer of Standard Federal Bank (NYSE: SFB), announced today that the board of directors of the bank has declared a regular quarterly dividend of $0.11 per share to stockholders of record on Feb. 17, 1992, payable March 2, 1992, representing an increase of 10 percent compared to the bank's $0.10 per share dividend paid by the bank for the previous 15 consecutive quarters.
 Ricketts stated that the bank will consider further dividend increases as earnings improve in the future. "While our capital position is strong, we will retain enough earnings to strengthen it further and be ready to take advantage of profitable acquisition opportunities as they arise."
 -0- 1/16/92
 /CONTACT: Joseph Krul of Standard Federal Bank, 313-643-9600, or in Michigan, 800-482-3930, or in Indiana, 800-874-3716/
 (SFB) CO: Standard Federal Bank ST: Michigan IN: FIN SU: DIV


DH -- DE016 -- 0621 01/16/92 14:58 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 16, 1992
Words:181
Previous Article:FLAIG NAMED VICE PRESIDENT OF OMC
Next Article:WESTINGHOUSE WINS $7 MILLION WASTE CONTAINER CONTRACT
Topics:


Related Articles
FIRST FEDERAL SAVINGS BANK OF NEW SMYRNA ANNOUNCES CASH DIVIDEND
STANDARD FEDERAL BANK DECLARES A 9-PERCENT INCREASE IN ITS REGULAR QUARTERLY DIVIDEND, FROM $0.11 PER SHARE TO $0.12 PER SHARE
STANDARD FEDERAL BANK DECLARES AN 8-PERCENT INCREASE IN ITS REGULAR QUARTERLY DIVIDEND, FROM $0.13 PER SHARE TO $0.14 PER SHARE
STANDARD FEDERAL BANK DECLARES A 7% INCREASE IN ITS REGULAR QUARTERLY DIVIDEND, FROM $0.14 PER SHARE TO $0.15 PER SHARE
Webster Declares Quarterly Common Stock Dividend.
Ottawa Financial Corporation Declares Cash Dividend.
First Defiance Financial Corp. Announces Increase in Quarterly Dividend.
Northeast Indiana Bancorp, Inc. Increases Cash Dividend.
BancorpSouth, Inc. Increases Quarterly Dividend.
YNB Announces Quarterly Cash Dividend.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters