Perpetual Federal Savings Bank (OTC Pink: “PFOH”) announced it will pay a quarterly dividend of 20 cents per share for the period ending March 31. This represents an increase of 5.26 percent over the dividend paid for the same period in 2015.

The dividend will be payable March 15 to shareholders of record at the close of business on Feb. 25.

The bank has $367 million in assets and more than $65 million in shareholders’ equity (17.78 percent) as of the dividend declaration and remains well-capitalized under federal banking guidelines.