NEWPORT BEACH, Calif., Oct. 24 /PRNewswire-FirstCall/ -- Downey Financial Corp. (NYSE:DSL) announced today that the Board of Directors declared a quarterly cash dividend of $0.12 per share payable on November 23, 2007 to shareholders of record on November 7, 2007. Downey Financial Corp., with assets of $14.4 billion, is the parent company of Downey Savings and Loan Association, F.A., which has 168 branches throughout California and four in Arizona. DATASOURCE: Downey Financial Corporation CONTACT: Brian E. Cote, CFO of Downey Financial Corp., +1-949-509-4420 Web site: http://www.downeysavings.com/

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