LAFAYETTE, Ind., Feb. 26, 2014 /PRNewswire/ -- LSB Financial Corp. (NASDAQ: LSBI), the parent company of Lafayette Savings Bank, FSB, announced today that it will pay a quarterly dividend of $0.09 per share to shareholders of record as of the close of business on March 10, 2014, with a payment date of March 19, 2014. This represents an increase of $0.02 or 28.6% over last quarter.
LSB president and CEO, Randolph F. Williams stated, "We are pleased to be able to announce this increase in our quarterly cash dividend. We have worked diligently to improve asset quality, build equity and secure a solid financial footing for the bank."
The closing price of LSB stock on
February 25, 2014 was
$28.75 per share as reported by the Nasdaq Global Market.
SOURCE LSB Financial Corp.