Clifton Savings Bancorp, Inc. Declares Quarterly Cash Dividend
01 August 2013 - 5:00AM
Business Wire
The Board of Directors of Clifton Savings Bancorp, Inc. (Nasdaq
Global Select Market: CSBK), (the “Company”), the parent company of
Clifton Savings Bank, today announced that the Company will pay a
cash dividend of $0.06 per share for the quarter ended June 30,
2013. The dividend will be payable on August 30, 2013 to
shareholders of record, including Clifton MHC, on August 16, 2013.
The quarterly cash dividend of $0.06 per share is the thirty eighth
dividend paid by Clifton Savings Bancorp, Inc. since becoming a
capital stock organization in March 2004.
Historically, Clifton MHC has waived receipt of dividends
declared by the Company. However, as a result of restrictions
implemented by the Board of Governors of the Federal Reserve
System, Clifton MHC has been unable to waive its receipt of
dividends declared by the Company since the quarter ended March 31,
2012. Further, due to these restrictions the Board of Directors
will re-evaluate the Company’s dividend policy on a quarterly
basis. The Company can make no assurances that it will continue to
declare regular quarterly cash dividends or that its dividend
policy will not change in the future.
Clifton Savings Bank is a community-oriented financial
institution which operates twelve full-service banking offices in
Bergen and Passaic Counties in New Jersey. Additional information
on Clifton Savings Bancorp, Inc. and Clifton Savings Bank can be
found on the web site: www.cliftonsavings.com.
Clifton Savings Bancorp, Inc.Bart D’Ambra, 973-473-2200
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