ESSA Bancorp, Inc. Declares Quarterly Dividend & Announces Authorization for Sixth Stock Repurchase Program
27 Febbraio 2014 - 10:30PM
Marketwired
ESSA Bancorp, Inc. Declares Quarterly Dividend & Announces
Authorization for Sixth Stock Repurchase Program
STROUDSBURG, PA--(Marketwired - Feb 27, 2014) - ESSA
Bancorp, Inc. (NASDAQ: ESSA) announced that the Board of
Directors declared a dividend of seven cents ($0.07) per share to
shareholders of record as of March 16, 2014, payable on March 30,
2014. This will be the twenty-fourth consecutive quarter ESSA
Bancorp, Inc. has paid a dividend and an increase of $0.02 from our
most recent dividend paid on December 30, 2013.
In addition, the Board of Directors of ESSA Bancorp, Inc.
announced a sixth stock repurchase program of up to 5% of its
outstanding shares of common stock. The Company will repurchase the
shares from time to time in accordance with applicable federal
securities laws. In February, 2014, the Company completed its
fifth stock repurchase program.
ESSA Bancorp, Inc. became a public company in April
2007.
Forward-Looking Statements Certain statements contained herein
are "forward-looking statements" within the meaning of Section 27A
of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Such forward-looking statements may be
identified by reference to a future period or periods, or by the
use of forward-looking terminology, such as "may," "will,"
"believe," "expect," "estimate," "anticipate," "continue," or
similar terms or variations on those terms, or the negative of
those terms. Forward-looking statements are subject to numerous
risks and uncertainties, including, but not limited to, those
related to the economic environment, particularly in the market
areas in which the Company operates, competitive products and
pricing, fiscal and monetary policies of the U.S. Government,
changes in government regulations affecting financial institutions,
including regulatory fees and capital requirements, changes in
prevailing interest rates, acquisitions and the integration of
acquired businesses, credit risk management, asset-liability
management, the financial and securities markets and the
availability of and costs associated with sources of liquidity.
The Company wishes to caution readers not to place undue
reliance on any such forward-looking statements, which speak only
as of the date made. The Company wishes to advise readers that the
factors listed above could affect the Company's financial
performance and could cause the Company's actual results for future
periods to differ materially from any opinions or statements
expressed with respect to future periods in any current statements.
The Company does not undertake and specifically declines any
obligation to publicly release the result of any revisions, which
may be made to any forward-looking statements to reflect events or
circumstances after the date of such statements or to reflect the
occurrence of anticipated or unanticipated events.
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