American Bancorp N J (MM) (NASDAQ:ABNJ)
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American Bancorp of New Jersey, Inc. (NASDAQ: ABNJ) (the
Company), holding company of American Bank of New Jersey (the Bank),
announced today that its Board of Directors has declared a quarterly
cash dividend of $0.04 per share to stockholders of record as of
September 18, 2006 payable on or about September 26, 2006.
The cash dividend is being paid to provide a return to
stockholders, after considering the equity and profitability of the
Company and the Bank. The payment of future dividends will be subject
to the Board's periodic review of the financial condition, earnings,
and capital requirements of the Company and the Bank.
The Bank is a federally chartered stock savings bank which
conducts business from its main office in Bloomfield, New Jersey and
one branch office in Cedar Grove, New Jersey.
The foregoing material contains forward-looking statements
concerning our financial condition, results of operations and
business. We caution that such statements are subject to a number of
uncertainties and actual results could differ materially, and,
therefore, readers should not place undue reliance on any
forward-looking statements. We do not undertake, and specifically
disclaim, any obligation to publicly release the results of any
revisions that may be made to any forward-looking statements to
reflect the occurrence of anticipated or unanticipated events or
circumstances after the date of such statements.