Prudential Bancorp, Inc. of Pennsylvania Announces Declaration of Quarterly Cash Dividend

• Press Release
• Source: Prudential Bancorp, Inc. of Pennsylvania
• On 4:30 pm EDT, Wednesday September 16, 2009

PHILADELPHIA, Sept. 16, 2009 (GLOBE NEWSWIRE) -- Prudential Bancorp, Inc. of Pennsylvania (the "Company") (Nasdaq:PBIP - News) announced that its Board of Directors, at a meeting held today, declared a quarterly cash dividend of $0.05 per share on the common stock of the Company, payable on October 26, 2009 to the shareholders of record at the close of business on October 9, 2009.

Related Quotes

Symbol	Price	Change
PBIP	10.10	+0.30

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Prudential Bancorp, Inc. of Pennsylvania is the "mid-tier" holding company for Prudential Savings Bank, a Pennsylvania-chartered, FDIC-insured savings bank headquartered in Philadelphia, Pennsylvania. Prudential Savings Bank operates six full service offices in Philadelphia and one office in Drexel Hill, Pennsylvania. At June 30, 2009, the Company had assets totaling $514.7 million, liabilities totaling $460.2 million and $54.5 million of shareholders' equity.

The Prudential Bancorp, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5265

Statements contained in this news release which are not historical facts may be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors. Factors which could result in material variations include, but are not limited to, changes in interest rates which could affect net interest margins and net interest income, competitive factors which could affect net interest income and noninterest income, changes in demand for loans, deposits and other financial services in the Company's market area; changes in asset quality, general economic conditions as well as other factors discussed in documents filed by the Company with the Securities and Exchange Commission from time to time. The Company undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made.

Prudential Bancorp, Inc.
Thomas A. Vento, President and Chief Executive Officer
Joseph R. Corrato, Executive Vice President and Chief 
 Financial Officer
215-755-1500