American Bancorp N J (MM) (NASDAQ:ABNJ)
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From Jul 2019 to Jul 2024
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 $0.05 per share to stockholders of record as of September 10, 2008
payable on or about September 24, 2008.
The cash dividend is being paid to provide a return to stockholders. 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 Company also announced the completion of its stock repurchase
program announced on January 3, 2008 and the initiation of a new program
to repurchase up to an additional 5% of its outstanding shares in the
open market or in privately negotiated transactions. These shares will
be purchased from time to time depending upon market conditions.
As of June 30, 2008, the Company had consolidated total assets of $630.7
million and stockholders' equity of $90.9 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, Nutley and Clifton, 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.