Charter Financial Declares Quarterly Cash Dividend
November 25 2008 - 2:08PM
PR Newswire (US)
WEST POINT, Ga., Nov. 25 /PRNewswire-FirstCall/ -- Charter
Financial Corporation (OTC:CHFN) (BULLETIN BOARD: CHFN) today
announced that its board of directors has declared a quarterly cash
dividend of 25 cents per share. The dividend is payable on December
29, 2008, to stockholders of record on December 12, 2008. This
equates to an annualized dividend rate of $1.00 per share. "Our
high level of capital and recent operating performance permit us
the to declare this dividend," said Robert L. Johnson, Chairman and
CEO. This dividend will be paid on approximately 2.7 million shares
and the total dividend payout will be approximately $675,000. First
Charter, MHC, which owns approximately 86 percent of Charter
Financial, is waiving its right to receive this dividend. Charter
Financial Corporation is a savings and loan holding company and the
parent of CharterBank, a full-service community bank and a federal
savings institution. CharterBank is headquartered in West Point,
Georgia, and operates ten branches on the I-85 corridor from
LaGrange, Georgia, to Auburn, Alabama. The Company also operates
two loan production offices in Georgia. CharterBank's deposits are
insured by the Federal Deposit Insurance Corporation. Additional
information, including financial highlights, is available on the
company's website, http://www.charterbank.net/. Persons interested
in receiving e-mail notifications of news about the company may do
so by completing the registration form on the investor relations
page of the company's website. DATASOURCE: Charter Financial
Corporation CONTACT: Robert L. Johnson, President & CEO, , or
Curtis R. Kollar, Chief Financial Officer, , both of Charter
Financial Corporation, +1-706-645-1391; or Woody Wallace of The
Investor Relations Company, +1-312-245-2700, Web site:
http://www.charterbank.net/
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