Roma Financial Corporation Declares Dividend
21 Marzo 2012 - 8:00PM
Roma Financial Corporation (Nasdaq:ROMA) (the Company), the holding
company of Roma Bank, announced today that its Board of Directors
(the Board) declared the Company's twenty first consecutive
quarterly cash dividend. A dividend of $.08 per share will be paid
on or about April 18, 2012 to stockholders of record on April 4,
2012.
"Our Board of Directors is pleased to declare a twenty-first
consecutive quarterly dividend payment to the Company's minority
stockholders," commented Peter A. Inverso, President and CEO. "Roma
Financial Corporation's earnings and capital continue to sustain a
return of value to our minority shareholders at the current
quarterly dividend level. Based on the closing price of the
Company's stock on March 20th, the declared quarterly dividend
represents an annual yield of 3.14%," he added.
"While it remains the current intention of the Board to continue
to pay a dividend quarterly, the interim final rule issued by the
Federal Reserve Board which would impose onerous and costly
conditions on the Company's majority stockholder, Roma Financial
Corporation, MHC, in order for its Board of Directors to agree to
waive the receipt of dividends, will seriously jeopardize the
future payment or rate of dividends. The Company, has have
other mutual holding companies, submitted a letter objecting
to this proposal and met with officials at the Federal Reserve
Board to press for a rescission of the rule or more reasonable
waiver requirements. Beyond this potential impediment,
the payment and amount of future dividends also would be predicated
on the Board's assessment of the Company's financial condition,
earnings and capital requirements," he concluded.
Roma Financial Corporation is the holding company of Roma Bank,
a community bank headquartered in Robbinsville, New Jersey, and
RomAsia Bank headquartered in South Brunswick, New
Jersey. Roma Bank has been serving families, businesses and
the communities of Central New Jersey for over 90 years with a
complete line of financial products and services. Roma Bank
has branch locations in Mercer, Burlington, Camden and Ocean
counties in New Jersey. Visit Roma online at www.romabank.com,
or RomAsia Bank at www.romasiabank.com. RomAsia Bank has two branch
locations in Middlesex County, New Jersey.
Forward Looking Statements
The foregoing material contains forward-looking statements
concerning the Company. We caution that such statements are
subject to a number of uncertainties and readers should not place
undue reliance on any forward-looking statements. The Company
does not undertake, and specifically disclaims, any obligation to
publicly release the results of any revisions that may be made to
any forward-looking statements to reflect the occurrence of
anticipated or unanticipated events or circumstances after the date
of such statements.
CONTACT: Peter A. Inverso,
President & CEO,
609 223-8310
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