BCB Bancorp, Inc., Bayonne, N.J. (NASDAQ:BCBP), announced that the Board of Directors has unanimously approved a cash dividend of $150.00 for each share of its Series A 6.00% Noncumulative Perpetual Preferred Stock to be paid to preferred stock shareholders of record on October 2
, 2013. The cash dividend is payable on October 15
, 2013. The dividend represents a 6.00% yield based on the Preferred Stock’s face value of $10,000. Donald Mindiak, CEO commented that, “This marks the third dividend on our Preferred Stock issuance that was completed as of December 31, 2012. The successful completion of this capital raise has provided us the ability and opportunity to continue to grow and strengthen our balance sheet while we research and execute initiatives that have the potential of increasing franchise and shareholder value.”
BCB Community Bank presently operates eleven full service offices in Bayonne, Hoboken, Jersey City, Monroe Township, South Orange and Woodbridge.
Questions regarding the content of this release should be directed to 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.
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 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.