BCB Bancorp, Inc., Bayonne, N.J. (NASDAQ:BCBP), announced that the Board of Directors has unanimously approved a quarterly cash dividend of $0.12/share to shareholders in its common stock of record on August 6, 2013, payable on August 16, 2013. Donald Mindiak, Chief Executive Officer commented that, “This marks the 26
consecutive quarter of paying a cash dividend to our common shareholders and the 19
consecutive quarter that we have maintained that dividend at $0.12/share. This level of consistency in providing our shareholders with a competitive return on their equity is a source of great pride and demonstrates the commitment and ability of the Board and Management to deliver this return. Despite the increasingly complex and challenging economic and regulatory environment for financial institutions, our Board of Directors and Executive Management team continues to exhibit judicious prudence in the exploration and implementation of strategic initiatives that have the capacity to increase franchise and shareholder value.”
BCB Community Bank presently operates ten full service offices in Bayonne, Hoboken, Jersey City, Monroe Township and South Orange and an office of the Bank of Woodbridge, a division of BCB Community Bank, in Woodbridge, New Jersey.
Questions regarding the content of this release should be directed to either Donald Mindiak, Chief Executive Officer or Thomas Coughlin, President & Chief Operating Officer at (201) 823-0700.
Forward-looking Statements and Associated Risk Factors
This 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.