Prudential Bancorp, Inc. Announces Declaration of Quarterly Cash Dividend
August 21 2019 - 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 September 20, 2019 to the shareholders of
record at the close of business on September 6, 2019.
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
June 30, 2019, the Company had assets totaling $1.2 billion,
liabilities totaling $1.1 billion and shareholders’ equity totaling
$134.8 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, demand
for loan products, demand for financial services, changes in credit
quality and interest rate risks associated with the Company’s
business and operations. Other factors described include
changes in the quality or composition of our loan, investment and
mortgage-backed securities portfolios, geographic concentration of
the Company’s business; fluctuations in real estate values; the
adequacy of loan loss reserves; the risk that goodwill and
intangibles recorded in the Company’s financial statements will
become impaired; changes in accounting principles, policies or
guidelines, 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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