Perpetual Federal Savings Bank (OTC Pink: “PFOH”) has announced a quarterly dividend of 23 cents per share for the period ending December 31, 2018.

The dividend will be payable December 18, 2018 to shareholders of record at the close of business December 3, 2018.

For the calendar year 2018, the Bank will have distributed dividends of $1.19 per share to the benefit of its shareholders. Dividends consisted of quarterly dividends of 92 cents per share and a special dividend of 27 cents per share.

The Bank has in excess of $394 million in assets and in excess of $73 million in shareholders’ equity (18 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.