Prudential Bancorp, Inc. Announces Declaration of Quarterly Cash Dividend
May 16 2018 - 4:30PM
Prudential Bancorp, Inc. (the “Company”) (Nasdaq:PBIP) announced
that its Board of Directors, at a meeting held today, declared a
quarterly cash dividend of $0.05 per share on the common stock of
the Company, payable on June 21, 2018 to the shareholders of record
at the close of business on June 7, 2018.
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 conducts business from its headquarters
and main office in Philadelphia, Pennsylvania as well as nine
additional full-service financial centers, seven of which are in
Philadelphia, one in Drexel Hill, Delaware County, and one in
Huntingdon Valley, Montgomery County, Pennsylvania. At March 31,
2018, the Company had assets totaling $944.4 million, liabilities
totaling $812.3 million and shareholders’ equity totaling $132.1
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.
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 Bank,
215-755-1500.
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