Gouverneur Bancorp, Inc. Announces Semi-Annual Dividend
06 March 2009 - 1:04AM
PR Newswire (US)
GOUVERNEUR, N.Y., March 5 /PRNewswire-FirstCall/ -- Richard F.
Bennett, President and Chief Executive Officer of Gouverneur
Bancorp, Inc. (OTC Bulletin Board: GOVB) (the "Company") and its
subsidiary, Gouverneur Savings and Loan Association (the "Bank"),
announced today that the Company's board of directors has declared
a semi-annual dividend payment of $0.17 per share for all
stockholders of record as of the close of business March 15, 2009.
The dividend will be payable on March 31, 2009. Mr. Bennett
commented that, "We are pleased to announce our 19th consecutive
semi-annual dividend and the dividend represents a 6.25% increase
over the amount paid on September 30, 2008." He further commented,
"In spite of these unprecedented economic conditions the bank is
able to increase this dividend while also increasing our capital to
maintain our strong financial position" Founded in 1892, the Bank
is a federally chartered savings and loan association offering a
variety of banking products and services to individuals and
businesses in its primary market area of St. Lawrence County and
the Alexandria Bay area in Jefferson County. Note: This press
release may contain certain statements, which are not historical
facts or which concern the banks future operations of economic
performance and which are considered forward looking statements.
Any such forward- looking statements are made pursuant to the safe
harbor provisions of the private Securities Litigation Reform act
of 1995. The Bank cautions that all forward-looking statements
involve risks and uncertainties, and that actual results may differ
materially from those indicated in the forward-looking statements
as a result of various factors, such as changing economic and
competitive conditions and other risks and uncertainties. In
addition, statements in this news release regarding historical
stock price performance are not indicative of or a guarantee of
future price performance. DATASOURCE: Gouverneur Bancorp, Inc.
CONTACT: Robert J. Twyman, Vice President and Chief Financial
Officer, Gouverneur Bancorp, Inc., +1-315-287-2600
Copyright