LAFAYETTE, Ind., April 20 /PRNewswire-FirstCall/ -- LSB Financial Corp., (Nasdaq: LSBI), (the "Company"), the parent company of Lafayette Savings Bank, FSB, announced today that it will pay a quarterly dividend of $0.125 per share to shareholders of record as of the close of business on May 19, 2010, with a payment date of June 4, 2010.
LSB president and CEO, Randolph F. Williams, stated, "We are pleased to be able to announce this quarterly cash dividend. This will be the sixth consecutive quarter where we have paid the $0.125 dividend, which represents a dividend yield of 4.5%. Because we continue to maintain capital in excess of regulatory "well-capitalized" minimums and because we believe our core business to be sound, we believe the payment of this dividend is warranted."
The closing price of LSB stock on April 19, 2010 was $11.00 per share as reported by the Nasdaq Global Market.
SOURCE LSB Financial Corp.