latest news releases from the newsroom
Commonwealth Bankshares, Inc.
Commonwealth Bankshares, Inc., Norfolk, VA, Announces Quarterly Cash Dividend
NORFOLK, Va., Jan. 25, 2008 (PRIME NEWSWIRE) -- The directors of Commonwealth Bankshares, Inc. (Nasdaq:CWBS) declared a quarterly cash dividend in the amount of $0.08 per share on its common stock, payable February 29, 2008, to shareholders of record as of February 18, 2008. This is the first quarterly dividend declared in 2008. Total dividends paid in 2007 were $0.28 per share, up 40.6% from the total dividends of $0.1991 per share paid in 2006. All share and per share amounts have been restated for all periods presented to reflect the eleven-for-ten stock split distributed on June 30, 2006, to shareholders of record on June 19, 2006, and the eleven-for-ten stock split distributed on December 29, 2006, to shareholders of record on December 18, 2006.
Cheviot Financial Corp.
Cheviot Financial Corp. Reports Fourth-Quarter and Annual Earnings
CINCINNATI, Jan. 25, 2008 (PRIME NEWSWIRE) -- Cheviot Financial Corp. (Nasdaq:CHEV), the parent company of Cheviot Savings Bank, today reported net earnings in the fourth fiscal quarter of 2007 of $173,000, or $0.02 per share compared with net earnings of $392,000, or $0.04 per share for the fourth fiscal quarter of 2006. For the year ended December 31, 2007 net earnings totaled $926,000, or $0.10 per share compared with net earnings of $1.7 million, or $0.18 per share for the comparable period in 2006. The earnings per share for the three and twelve months ended December 31, 2007 were based on weighted average shares outstanding of 8,734,930 and 8,904,177 as compared with weighted average shares outstanding of 9,119,314 and 9,225,311 for the comparable 2006 periods.