Perpetual Federal Savings Bank (OTCBB: “PFOH”) has announced a quarterly dividend of 20 cents per share for the period ending Sept. 30. This dividend represents an 11% increase over the same period in 2014.

Dividends for the 12-month period ending Sept. 30, 2015 total 77 cents, a 6.9 percent increase over the prior 12-month period.

The dividend will be payable September 28, 2015 to shareholders of record at the close of business Sept. 14, 2015.

The bank has in excess of $352 million in assets and $64 million in shareholders’ equity (18 percent) as of the dividend declaration and remains well capitalized under federal banking guidelines.