Perpetual Federal Savings Bank has announced a quarterly dividend of 22 cents per share for the period ending September 30, 2017. This dividend represents a 4.8 percent increase over the same period in 2016.

Dividends for the 12-month period ending September 30, 2017 consisted of regular quarterly dividends of 88 cents per share and a special dividend of 28 cents per share. Total dividends paid for the fiscal year amounted to $1.16 per share.

The dividend will be payable September 22, 2017 to shareholders of record at the close of business August 29, 2017.

The bank has in excess of $392 million in assets and $69 million in shareholders’ equity (17.6 percent) as of the dividend declaration and remains well capitalized under federal banking guidelines.