Perpetual Federal Savings Bank [OTC Pink: “PFOH”] has announced that it will pay a regular quarterly dividend of 24 cents per share for the period ending June 30, 2019. This represents an increase of 4.3% over the dividend paid for the same period in 2018.
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 26 cents per share.
The total dividend of 50 cents will be payable June 20, 2019 to shareholders of record at the close of business May 31, 2019.
The bank has in excess of $394 million in assets and in excess of $75 million in shareholders’ equity (19%) 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.
Information from Perpetual.