MILWAUKEE, Aug. 2 /PRNewswire-FirstCall/ -- Bank Mutual Corporation (Nasdaq: BKMU) ("Bank Mutual") today announced that the Board of Directors has declared a quarterly cash dividend of $0.03 per share. The cash dividend will be payable September 1, 2010, to shareholders of record on August 12, 2010.
The quarterly cash dividend of $0.03 is the thirty-ninth cash dividend paid by Bank Mutual since becoming a capital stock organization in November 2000.
Michael T. Crowley, Jr., Chairman and Chief Executive Officer of Bank Mutual commented, "The Board set the dividend rate in light of the continued focus of regulators and lawmakers on the earnings and capital levels of financial institutions, our operating results over the past several quarters, current investment yields, and our desire to maintain a strong capital position."
Bank Mutual Corporation is traded on The NASDAQ Global Select Market under the symbol BKMU. The Company is the fifth largest banking institution headquartered in the state of Wisconsin, with assets at June 30, 2010, of $3.5 billion. Its subsidiary bank, Bank Mutual, operates 78 offices in the state of Wisconsin and one office in Minnesota.SOURCE Bank Mutual Corporation