LAFAYETTE, Ind., May 23, 2013 /PRNewswire/ -- 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 $0.05 per share to shareholders of record as of the close of business on June 4, 2013, with a payment date of June 12, 2013.
LSB president and CEO, Randolph F. Williams, stated, "We continually strive to enhance shareholder value and are pleased to announce the payment of this cash dividend made possible by our strong capital position and operating performance. "
The closing price of LSB stock on May 22, 2013 was $21.49 per share as reported by the Nasdaq Global Market. All required regulatory non-objections to this dividend declaration were obtained.
SOURCE LSB Financial Corp.