FedFirst Financial Corporation Announces $0.25 Per Share Special Dividend
31 Enero 2014 - 3:30PM
FedFirst Financial Corporation (Nasdaq:FFCO) today announced that
the Company's board of directors has declared a special cash
dividend of $0.25 per share on its outstanding common stock,
payable on or about February 28, 2014 to stockholders of record as
of the close of business on February 14, 2014. The special dividend
is in addition to the Company's regular quarterly cash dividend of
$0.06 per share that was last paid on December 31, 2013.
"Given our high levels of capital and continued strong
performance, our board of directors determined that it is an
appropriate time to distribute earnings in the form of a special
dividend as a meaningful return on investment to our shareholders,"
said Patrick G. O'Brien, President and CEO. "Our capital ratios
will continue to be very strong after payment of this special
dividend with sufficient capital to support regular dividend
payments and stock repurchases while maintaining financial
flexibility to continue to grow our Company."
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.
Statements contained in this news release that are not
historical facts may constitute forward-looking statements as that
term is defined in the Private Securities Litigation Reform Act of
1995 and such forward-looking statements are subject to significant
risks and uncertainties. The Company intends such forward-looking
statements to be covered by the safe harbor provisions contained in
the Act. The Company's ability to predict results or the actual
effect of future plans or strategies is inherently uncertain.
Factors which could have a material adverse effect on the
operations and future prospects of the Company and its subsidiaries
include, but are not limited to, changes in market interest rates,
general economic conditions, changes in federal and state
regulation, actions by our competitors, loan delinquency rates and
our ability to control costs and expenses and other factors that
may be described in the Company's annual report on Form 10-K as
filed with the Securities and Exchange Commission. These risks and
uncertainties should be considered in evaluating forward-looking
statements and undue reliance should not be placed on such
statements.
CONTACT: Patrick G. O'Brien
Telephone: (724) 684-6800
Fedfirst Financial (NASDAQ:FFCO)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Fedfirst Financial (NASDAQ:FFCO)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
Real-Time news about (MM) (NASDAQ): 0 recent articles
Más de Artículos de Noticias