Ameriana Bancorp cuts dividend to a penny
Ameriana cuts quarterly dividend to a penny from 4 cents per share, citing economic conditions
- On 10:40 am EDT, Monday August 31, 2009
NEW CASTLE, Ind. (AP) -- Ameriana Bancorp on Monday lowered its quarterly dividend to a penny from 4 cents
President and CEO Jerome Gassen said the bank holding company cut its dividend to save money and preserve its balance sheet during a difficult time for business.
Ameriana plans to increase its dividend when the economy improves and business conditions get better, Gassen said.
The dividend is payable Oct. 2 to shareholders of record Sept. 11.
Ameriana shares were unchanged at $3.50 in morning trading.
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- AMERIANA BANCORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits - EDGAR Online
- Ameriana Bancorp Reports Results for Third Quarter of 2009 - Business Wire
- AMERIANA BANCORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits - EDGAR Online
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