American Bancorp of NJ (ABNJ) Declares Dividend and Approves Stock Buyback Plan
American Bancorp of New Jersey, Inc. (NASDAQ: ABNJ) has declared a quarterly cash dividend of $0.04 per share to stockholders of record as of September 7, 2007 payable on or about September 21, 2007.
The Company also announced the completion of its stock repurchase program announced on April 30, 2007 and the initiation of a new program to repurchase up to an additional 5% of its outstanding shares in the open market or in privately negotiated transactions. These shares will be purchased from time to time depending upon market conditions.
The Company also announced the completion of its stock repurchase program announced on April 30, 2007 and the initiation of a new program to repurchase up to an additional 5% of its outstanding shares in the open market or in privately negotiated transactions. These shares will be purchased from time to time depending upon market conditions.
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