ESB Financial Corporation announced that at its Board of Directors meeting on June 21, 2011, it declared a quarterly cash dividend of $.10 on the Common Stock of ESB Financial Corporation payable on July 25, 2011 to the stockholders of record at the close of business on June 30, 2011. In announcing the scheduled cash dividend, Charlotte A. Zuschlag, President and Chief Executive Officer, noted the Company's results of operations for the three months ended March 31, 2011. The Company recognized net income for the three month period ended March 31, 2011 of $3.7 million or $.25 per diluted share. This announcement reflects the Company's policy of declaring a regular quarterly cash dividend. This quarterly cash dividend equates to an annual cash dividend of $.40 per share. ESB Financial Corporation is the parent Holding Company of ESB Bank, and offers a wide variety of financial products and services through 24 offices in the contiguous counties of Allegheny, Lawrence, Beaver and Butler in Pennsylvania. The common stock of the Company is traded on the Nasdaq Stock Market under the symbol "ESBF".
Shares of ESB Financial Corporation (Nasdaq:ESBF) have taken a tremendous swing upward. The stock is trading at $13.63 as of four p.m. ET, 21.2% above Monday's closing price of $11.25. Volume is at 29,828, 1.4 times the daily average of 21,800.