BCB Bancorp, Inc., Bayonne, N.J. (NASDAQ: BCBP) announced a quarterly cash dividend of $0.12 per common share for the fiscal quarter ended June 30, 2012. The record date has been established as August 6, 2012, with a payable date of August 16, 2012.
Donald Mindiak, President & CEO commented that, “the declaration of this dividend represents the twenty-second consecutive quarter that we have declared and paid a cash dividend and the fifteenth consecutive quarter that dividend has been $0.12 per common share. Despite uncertain, and at times turbulent economic conditions, we have been able to continue to provide a competitive return to our shareholders while executing corporate initiatives that have had the capacity of increasing franchise and shareholder value. For example, the continuing successful execution of our Stock Repurchase Plan continues to provide market price support, while reducing cash dividends and increasing earnings per share.”
Mr. Mindiak continued, “The previously disclosed recent disposition of a sub-set of our non-performing loan portfolio has provided relief from certain facility legacy expenses and allows for the redeployment of the proceeds of that sale into interest-earning assets. These and other initiatives continue to be researched and executed for the benefit of our shareholders.”
Forward-looking Statements and Associated Risk FactorsThis release, like many written and oral communications presented by BCB Bancorp, Inc., and our authorized officers, may contain certain forward-looking statements regarding our prospective performance and strategies within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and are including this statement for purposes of said safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations of the Company, are generally identified by use of the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “project,” “seek,” “strive,” “try,” or future or conditional verbs such as “could,” “may,” “should,” “will,” “would,” or similar expressions. Our ability to predict results or the actual effects of our plans or strategies is inherently uncertain. Accordingly, actual results may differ materially from anticipated results.