American Church Mortgage Company Declares Second Quarter Dividend
July 24 2008 - 1:03PM
PR Newswire (US)
MINNETONKA, Minn., July 24 /PRNewswire-FirstCall/ -- AMERICAN
CHURCH MORTGAGE COMPANY (Pink Sheets: ACMC), Minnetonka, Minnesota,
announced the declaration by its Board of Directors of a
shareholder dividend for its second quarter ended June 30, 2008 of
$.10 per share, representing an annualized dividend yield of 4.00%.
The dividend is to be paid on July 31, 2008 to shareholders of
record as of June 30, 2008. The Company operates as a real estate
investment trust and revenues of the Company are derived primarily
from interest income earned from loans to churches and other
non-profit religious organizations. Information concerning ACMC is
available on its website, http://www.church-loans.net/ or by
calling (800) 815-1175 extension 124. DATASOURCE: American Church
Mortgage Company CONTACT: American Church Mortgage Company,
1-800-815-1175, ext. 124 Web site: http://www.church-loans.net/
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