Dividends
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Dividends and Poker
When playing poker you receive rakeback from the poker
rooms. Meaning part of the poker room earnings go back to the players. Rakeback is a dividend from the poker room to the
player as a loyalty bonus for playing with them.
First Defiance Financial (FDEF) Slashes Dividend in Half
More News related to FDEF
- First Defiance Announces 2009 Third Quarter Earnings
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- First Defiance Financial (FDEF) Cuts Qtr. Dividend from $0.085 to $0.04, Yielding 0.94%
- First Defiance Financial Corp. Announces Quarterly Dividend
- First Defiance Financial (FDEF) Slashes Dividend in Half
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First Defiance Financial Corp. (Nasdaq: FDEF) announced today that its Board of Directors has declared a quarterly cash dividend of $0.085 per common share payable July 24, 2009 to stockholders of record at the close of business on July 10th, 2009. The second quarter dividend represents an annualized dividend yield of 2.5% based on First Defiance common stock closing price on June 18, 2009.
"Our Board believes it is prudent to proceed conservatively with quarterly dividends until the current economic environment stabilizes and therefore reduced the dividend by 50%," said William J. Small, Chairman, President and CEO of First Defiance Financial Corp. "This decision is not based on any significant or specific issues within the company. It is based on external concerns such as the rate of the economic recovery, the upcoming FDIC Special Assessment and uncertainty over the impact of proposed regulatory reforms." [SM]
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