Perpetual Federal Savings Bank (OTC Pink: “PFOH”) has announced that it will pay a regular quarterly dividend of 22 cents per share for the period ending June 30, 2017. This represents an increase of 4.76 percent over the dividend paid for the same period in 2016.
In addition, after a thorough review of the retained earnings position of the bank, the Board of Directors voted in favor of paying a special dividend of 28 cents per share.
The total dividend of 50 cents will be payable June 20, 2017 to shareholders of record at the close of business June 9, 2017.
The bank has in excess of $392 million in assets and in excess of $69 million in shareholders’ equity (17.5 percent) as of the dividend declaration and remains well capitalized under federal banking guidelines.
The bank continues to receive a five-star rating by Bauer Financial, Inc., the nation’s leading independent bank rating firm.
The bank recently was recognized by Seifried & Brew, who specialize in bank analytics, of having achieved ranking in the top 15th percentile for its ability to maintain a high level of performance while balancing risk during 2016.