Patapsco Bancorp Declares Cash Dividend

Strategic Insights -

The Board of Directors of Patapsco Bancorp, Inc., the parent company of The Patapsco Bank, has declared a cash dividend in the amount of $0.10 per share. This decision was made in light of the company's financial condition and results of operations. The dividend will be payable on or about January 22, 1998, to stockholders of record at the close of business on January 5, 1998. The future payment of dividends remains dependent on various factors, including the company's financial condition, earnings, equity structure, capital needs, regulatory requirements, and economic conditions.

Key Takeaways:

  • The Board of Directors of Patapsco Bancorp, Inc. declared a cash dividend in the amount of $0.10 per share, payable to stockholders of record on January 5, 1998.
  • The dividend payment is scheduled for January 22, 1998.
  • The decision to declare a dividend was based on the company's financial condition and results of operations.
  • Future dividend payments will depend on various factors, including the company's financial condition, earnings, equity structure, capital needs, regulatory requirements, and economic conditions.
  • At September 30, 1997, the company had 362,553 shares of common stock issued and outstanding.
  • The company's consolidated assets were approximately $88.6 million at September 30, 1997.

Statistics:

  • The dividend amount is $0.10 per share.
  • The dividend will be payable on or about January 22, 1998.
  • The stockholders of record date is January 5, 1998.
  • The company has 362,553 shares of common stock issued and outstanding.
  • The company's consolidated assets were approximately $88.6 million at September 30, 1997.

Sources:

  • Patapsco Bancorp, Inc. via PR Newswire press release, December 29, 1997.