Fidelity Bancorp (FSBI) Declares Dividend, Extends Buyback Plan
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Fidelity Bancorp, Inc. (Nasdaq: FSBI) declared a quarterly cash dividend of $.14 per share on the Company's common stock. The dividend is payable November 30, 2007 to stockholders of record November 15, 2007.
Fidelity Bancorp also announced that the Board of Directors authorized a twelve month extension of its Stock Repurchase Program. The Program, originally announced in October 2005, authorized the repurchase of up to 5%, or approximately 147,000 shares, of the Company's outstanding common stock. As of October 2007 the Company has repurchased approximately 21%, or approximately 31,000 shares, of the total shares authorized for repurchase.
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