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Berkshire Bancorp Inc. Message Board

  • obamaboy1 obamaboy1 Dec 5, 2012 10:05 AM Flag

    In case anybody didn't know...

    The dividend of .08 was recently reinstated.

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    • only reported by Nasdaq so far..announced yesterday 9AM?
      Well, you folks asked for it...hope it does what you think it will............
      As I see it MM kid paid himself about $800,000 bonus (before we go over the cliff).

      • 1 Reply to enzo2464
      • November 28, 2012
        Berkshire Bancorp Inc. Declares Cash Dividend in Respect of Its Common Stock

        Berkshire Bancorp Inc. (NASDAQ GM: "Berk") stated today that its Board of Directors has declared a cash dividend in respect of the Common Stock of the Company in the amount of $.08 per share. Such dividend will be paid on December 20, 2012 to the holders of record of its common stock as of the close of business on December 10,2012.

        Moses Marx, Chairman of the Board, noted that this will be the first dividend payment since the company announced in March 2009 that it would temporarily suspend its stated policy of paying a regular cash dividend on its Common Stock. Mr. Marx further noted that the declaration, amount and payment of future dividends will depend upon the results of operation, financial condition and capital requirements of the Company, as well as such other factors as the Board deems to be relevant.

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