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 November 5, 2013, payable on November 15, 2013. Donald Mindiak, Chief Executive Officer commented that, “Our successful execution of a number of initiatives coupled with ongoing operational efficiencies have produced tangible operating results. Our spread, margin and earnings per share have improved as compared to the corresponding quarterly results from last year. Consequently our Board of Directors determined that it was appropriate to declare our 20
consecutive quarterly dividend of $0.12/share. Despite the increasingly complex and challenging economic and regulatory environment for financial institutions, our Board of Directors and Executive Management team continues to prudently explore and implement 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.