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 June 8, 2007 payable
on or about June 22, 2007.
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.
As of March 31, 2007, the Company had consolidated total assets of
$554.3 million and stockholders' equity of $108.9 million. The Bank is a
federally chartered stock savings bank which conducts business from its
main office in Bloomfield, New Jersey and its branch offices in Cedar
Grove, Verona and Nutley, 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.