Perpetual Federal Savings Bank (OTC Pink: “PFOH”) announced that it will pay a quarterly dividend of 21 cents per share for the period ending June 30. This represents an increase of 10.5 percent over the dividend paid for the same period in 2015.

The dividend will be payable June 15 to shareholders of record at the close of business June 1.

The bank has $377 million in assets and over $66 million in shareholders’ equity (17.75 percent) as of the dividend declaration and remains well capitalized under federal banking guidelines.