Harleysville Savings Financial (HARL) Increases Quarterly Dividend; Reports Q3 Earnings

July 16, 2008 11:43 AM EDT

Harleysville Savings Financial Corporation (NASDAQ: HARL) reported today that the Company's board of directors declared an increase in the regular quarterly cash dividend to $.18 per share from $.17 per share which represents a 5.9% increase. The cash dividend will be payable on August 20, 2008 to stockholders of record on August 6, 2008.

Net income for the third quarter was $1,036,000 or $.29 per diluted share compared to $814,000 or $.21 per diluted share for the same quarter last year. During the current quarter the bank recognized impairment from investments in bank equity securities of $252,000. (no analyst estimates/consensus available)

Harleysville Savings Financial Corporation (the Company) is the bank holding company for Harleysville Savings Bank (the Bank). [SM]


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