Pulaski Financial (PULB) Increases Quarterly Dividend
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Pulaski Financial Corp. (Nasdaq: PULB) has authorized an increase in the quarterly dividend rate to $0.09 per share, representing a 6% increase, and declared a quarterly dividend, payable at the new rate on July 16, 2007 to shareholders of record at the close of business on July 6, 2007.
At the new rate, the indicated annual dividend is $0.36 per share, in line with our bank peer group. This compares with the previous rate of 34 cents per share, the company noted. Based on the June 20, 2007 closing price of Pulaski Common Stock of $15.61 per share, the yield at the new annualized dividend rate is 2.3%.
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