LAFAYETTE, Ind., Aug. 15, 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 $0.07 per share to shareholders of record as of the close of business on August 26, 2013, with a payment date of September 6, 2013.
LSB president and CEO, Randolph F. Williams, stated, "We are pleased to announce the payment of this cash dividend, an increase of $0.02 over last quarter. Payment of this dividend was made possible by our strong capital position and operating performance. We appreciate the confidence placed in us by our shareholders."
The closing price of LSB stock on
August 14, 2013 was
$25.21 per share as reported by the Nasdaq Global Market. All required regulatory non-objections to this dividend declaration were obtained.
SOURCE LSB Financial Corp.