BCB Bancorp, Inc. Declares Cash Dividend of $0.14 Per Share
January 14 2019 - 4:15PM
BCB Bancorp, Inc. (the “Company”) (NASDAQ: BCBP), the holding
company for BCB Community Bank (the “Bank”), today announced that
its Board of Directors declared a regular quarterly cash dividend
of $0.14 per share. The dividend will be payable February 22, 2019,
to common shareholders of record on February 8, 2019.
“We view regular quarterly cash dividends as an
excellent means of building shareholder value and rewarding our
loyal shareholders,” stated Thomas Coughlin, President and Chief
Executive Officer. At the stock price of $11.00 per share at the
close of the market on January 9, 2019, the current dividend
equates to a yield of 5.09% on an annualized basis.
About BCB Bancorp, Inc.
Established in 2000 and headquartered in
Bayonne, N.J., BCB Community Bank is the wholly-owned subsidiary of
BCB Bancorp, Inc. (NASDAQ: BCBP). The Bank has 28 branch offices in
Bayonne, Carteret, Colonia, Edison, Hoboken, Fairfield, Holmdel,
Jersey City, Lodi, Lyndhurst, Maplewood, Monroe Township,
Parsippany, Plainsboro, Rutherford, South Orange, Union, and
Woodbridge, New Jersey, three branches in Hicksville and Staten
Island, New York, and a loan production office in Manhattan. The
Bank provides business and individuals a wide range of loans,
deposit products, and retail and commercial banking services.
For more information, please go to www.bcb.bank.
Forward-Looking Statements
This release, like many written and oral
communications presented by BCB Bancorp, Inc., and our authorized
officers, may contain certain forward-looking statements regarding
our prospective performance and strategies within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. We intend
such forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995, and are including this
statement for purposes of said safe harbor provisions.
Forward-looking statements, which are based on certain assumptions
and describe future plans, strategies, and expectations of the
Company, are generally identified by use of words “anticipate,”
“believe,” “estimate,” “expect,” “intend,” “plan,” “project,”
“seek,” “strive,” “try,” or future or conditional verbs such as
“could,” “may,” “should,” “will,” “would,” or similar expressions.
Our ability to predict results or the actual effects of our plans
or strategies is inherently uncertain. Accordingly, actual results
may differ materially from anticipated results.
In addition to factors previously disclosed in
the Company’s reports filed with the U.S. Securities and Exchange
Commission (the "SEC") and those identified elsewhere in this
document, the following factors, among others, could cause actual
results to differ materially from forward-looking statements or
historical performance: difficulties and delays in integrating the
Indus-American Bank business or fully realizing cost savings and
other benefits of the Merger; business disruption following the
Merger; changes in asset quality and credit risk; the inability to
sustain revenue and earnings growth; changes in interest rates and
capital markets; inflation; customer acceptance of BCB products and
services; customer borrowing, repayment, investment and deposit
practices; customer disintermediation; the introduction,
withdrawal, success and timing of business initiatives; competitive
conditions; the inability to realize cost savings or revenues or to
implement integration plans and other consequences associated with
mergers, acquisitions and divestitures; economic conditions; and
the impact, extent and timing of technological changes, capital
management activities, and actions of governmental agencies and
legislative and regulatory actions and reforms.
CONTACT:
THOMAS COUGHLIN, PRESIDENT & CEO THOMAS KEATING, CFO (201)
823-0700
BCB Bancorp (NASDAQ:BCBP)
Historical Stock Chart
From Aug 2024 to Sep 2024
BCB Bancorp (NASDAQ:BCBP)
Historical Stock Chart
From Sep 2023 to Sep 2024