Prudential Bancorp, Inc. Announces Declaration of Quarterly Cash Dividend
May 17 2017 - 3:18PM
Prudential Bancorp, Inc. (the “Company”) (Nasdaq:PBIP) announced
that its Board of Directors, at a meeting held today, declared a
quarterly cash dividend of $0.03 per share on the common stock of
the Company, payable on June 21, 2017 to the shareholders of record
at the close of business on June 7, 2017.
Prudential Bancorp, Inc. is the holding company
for Prudential Bank, a Pennsylvania-chartered, FDIC-insured savings
bank originally organized in 1886 and headquartered in
Philadelphia, Pennsylvania. Prudential Savings conducts business
from its headquarters and main office in Philadelphia, Pennsylvania
as well as 10 additional full-service financial centers, eight of
which are in Philadelphia, one in Drexel Hill, Delaware County, and
one in Huntingdon Valley, Montgomery County, Pennsylvania. At March
31, 2017, the Company had assets totaling $844.2 million,
liabilities totaling $713.5 million and shareholders’ equity
totaling $130.8 million.
Statements contained in this news release which are not
historical facts may be forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements can be identified by the fact that they
do not relate strictly to historical or current facts. They often
include words like “believe,” “expect,” “anticipate,” “estimate”
and “intend” or future or conditional verbs such as “will,”
“would,” “should,” “could” or “may.” Forward-looking statements, by
their nature, are subject to risks and uncertainties. A number of
factors, many of which are beyond the Company’s control, could
cause actual conditions, events or results to differ significantly
from those described in the forward-looking statements. The
Company’s reports filed from time-to-time with the Securities and
Exchange Commission, describe some of these factors, including
general economic conditions, changes in interest rates, deposit
flows, the cost of funds, changes in credit quality and interest
rate risks associated with the Company’s business and operations.
Other factors described include changes in our loan portfolio,
changes in competition, fiscal and monetary policies, legislation
and regulatory changes, and difficulties and delays in integrating
Polonia Bancorp, Inc.’s (“Polonia”) business or fully realizing
anticipated cost savings and other benefits of the merger with
Polonia which was effective January 1, 2017, and business
disruptions following the merger with Polonia.
Investors are encouraged to access the Company's
periodic reports filed with the Securities and Exchange Commission
for financial and business information regarding the Company at
www.psbanker.com under the Investor Relations menu. We undertake no
obligation to update any forward-looking statements.
Contact:
Jack E. Rothkopf, Senior Vice President, Treasurer, Chief Financial Officer, Prudential Bancorp, Inc. and Prudential Savings Bank, 215-755-1500.
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