FNB United Corp. (FNBN) Declares $0.10 Cash Dividend
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FNB United Corp. (NASDAQ: FNBN) announced that its Board declared a regular quarterly cash dividend of $0.10 per share. The dividend will be paid on July 24, to shareholders of record on June 26, 2008 and represents a 3.91% yield based on the recent stock price. On April 24, 2008 the company paid a $0.15 per share dividend. "In these uncertain economic times, the board believes it is prudent to conserve capital to support the company's growth," stated Michael Miller, President and CEO.
FNB United Corp. (FNBN), with approximately $2.03 billion in total assets, is the Asheboro, North Carolina-based bank holding company for CommunityONE Bank, N.A., and the bank's subsidiary, Dover Mortgage Company.
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