American Bancorp of New Jersey, Inc. Announces Cash Dividend
May 23 2007 - 3:45PM
Business Wire
American Bancorp of New Jersey, Inc. (NASDAQ: ABNJ) (the Company),
holding company of American Bank of New Jersey (the Bank),
announced today that its Board of Directors has declared a
quarterly cash dividend of $0.04 per share to stockholders of
record as of June 8, 2007 payable on or about June 22, 2007. The
cash dividend is being paid to provide a return to stockholders,
after considering the equity and profitability of the Company and
the Bank. The payment of future dividends will be subject to the
Board's periodic review of the financial condition, earnings, and
capital requirements of the Company and the Bank. As of March 31,
2007, the Company had consolidated total assets of $554.3 million
and stockholders' equity of $108.9 million. The Bank is a federally
chartered stock savings bank which conducts business from its main
office in Bloomfield, New Jersey and its branch offices in Cedar
Grove, Verona and Nutley, New Jersey. The foregoing material
contains forward-looking statements concerning our financial
condition, results of operations and business. We caution that such
statements are subject to a number of uncertainties and actual
results could differ materially, and, therefore, readers should not
place undue reliance on any forward-looking statements. We do not
undertake, and specifically disclaim, any obligation to publicly
release the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated
or unanticipated events or circumstances after the date of such
statements.
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