Meridian Interstate Bancorp, Inc. (EBSB) Declares $0.03 Quarterly Dividend; 1% Yield

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Meridian Bancorp, Inc. Announces Quarterly Dividend

August 27, 2015 4:05 PM EDT

BOSTON, Aug. 27, 2015 (GLOBE NEWSWIRE) -- The Board of Directors of Meridian Bancorp, Inc. (the Company) (NASDAQ: EBSB), the holding company for East Boston Savings Bank, today declared a quarterly cash dividend of $0.03 per common share, payable on October 1, 2015 to stockholders of record at the close of business on September 17, 2015. This is the first cash dividend for the Company since completion of its initial mutual holding company stock offering in 2008 and its subsequent full conversion in 2014. Following the full conversion, the Company could pay dividends without also paying dividends to a mutual holding company... More