Investors Bancorp (ISBC) Declares $0.06 Quarterly Dividend; Approves Additional 10% Stock Buyback

Investors Bancorp (NASDAQ: ISBC) declared a quarterly dividend of $0.06 per share, or $0.24 annualized.

The dividend will be payable on May 25, 2016, to stockholders of record on May 10, 2016, with an ex-dividend date of May 6, 2016.

The annual yield on the dividend is 2 percent.

The Company announced today that its Board of Directors approved the Company's third share repurchase program which authorizes the repurchase of an additional 10% of the Company's outstanding shares of common stock, or approximately 31 million shares. The new repurchase program will commence immediately upon completion of the second repurchase plan announced in June 2015.

For a dividend history and other dividend-related data on Investors Bancorp (ISBC) click here.

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