MILLINGTON, N.J., Dec. 11, 2007 (PRIME NEWSWIRE) -- MSB Financial Corp. (Nasdaq:MSBF) (the "Company"), the holding company for Millington Savings Bank (the "Bank"), announced today that its Board of Directors has declared the Company's first cash dividend. A dividend of $0.03 per share will be paid on or about January 9, 2008 to stockholders of record as of December 26, 2007.
President and CEO Gary T. Jolliffe stated that the Board of Directors was pleased to provide a return to the stockholders. The Board declared the dividend after considering the equity and profitability of the Company. It is the current intention of the Board to pay a dividend quarterly. However, the payment of future dividends will be subject to the Board's periodic review of the financial condition, earnings, and capital requirements of the Company.
Shares of the Company's common stock trade on the NASDAQ Global Market under the symbol "MSBF." The Company is majority owned by its mutual holding company parent, MSB Financial, MHC.
Forward-Looking Statements
The foregoing material contains forward-looking statements concerning the financial condition, results of operations and business of the Company. We caution that such statements are subject to a number of uncertainties and actual results could differ materially, and, therefore, readers should not place undue reliance on any forward-looking statements. The Company does not undertake, and specifically disclaims, any obligation to publicly release the results of any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.