FedFirst Financial Corporation Announces 50% Increase to Quarterly Cash Dividend
23 Mayo 2013 - 11:07AM
FedFirst Financial Corporation (the "Company") (Nasdaq:FFCO) today
announced that its Board of Directors has approved a 50% increase
in the quarterly cash dividend from $0.04 to $0.06 per outstanding
share of common stock. The dividend will be paid on or about June
28, 2013 to stockholders of record as of the close of business on
June 14, 2013.
"Our Board of Directors is proud of the financial performance of
the Company and was unanimous in approving this 50% increase in
quarterly cash dividends," commented Patrick G. O'Brien, President
and Chief Executive Officer. "The Company delivered a record
performance in 2012 and announced record first quarter 2013
earnings. The Company's strong capital position enabled us to
provide a higher dividend, which is in keeping with management's
commitment to increase shareholder value and return. The dividend,
when annualized, represents approximately 23% of net income
achieved for the last twelve months."
FedFirst Financial Corporation is the parent company of First
Federal Savings Bank, a community-oriented financial institution
operating seven full-service branch locations in southwestern
Pennsylvania. First Federal offers a broad array of retail and
commercial lending and deposit services and provides commercial and
personal insurance services through Exchange Underwriters, Inc.,
its 80% owned subsidiary.
CONTACT: Patrick G. O'Brien
President and Chief Executive Officer
(724) 684-6800
Fedfirst Financial (NASDAQ:FFCO)
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