MILWAUKEE, Nov. 5, 2012 /PRNewswire/ -- Bank Mutual Corporation (NASDAQ: BKMU) ("Bank Mutual") today announced that the Board of Directors has declared a quarterly cash dividend of $0.02 per share. This cash dividend represents a $0.01 per share increase over the previous quarter's dividend. The cash dividend will be paid on November 30, 2012, to shareholders of record on November 16, 2012. The quarterly cash dividend of $0.02 is the forty-eighth cash dividend paid by Bank Mutual since becoming a capital stock organization in 2000. The Company is the fourth largest banking institution headquartered in the state of Wisconsin, with assets at September 30, 2012, of $2.5 billion. Its subsidiary bank, Bank Mutual, operates 76 offices in the state of Wisconsin and one office in Minnesota. SOURCE Bank Mutual Corporation
Looking at the universe of stocks we cover at Dividend Channel, on 2/11/15, Bank Mutual Corp will trade ex-dividend, for its quarterly dividend of $0.04, payable on 2/27/15. As a percentage of BKMU's recent stock price of $7.02, this dividend works out to approximately 0.57%, so look for shares of Bank Mutual Corp to trade 0.57% lower — all else being equal — when BKMU shares open for trading on 2/11/15.