HONOLULU, Nov. 25, 2013 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (Nasdaq:TBNK) (the "Company"), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announces that its Board of Directors has declared a special cash dividend of $.10 per share payable on December 23, 2013 to shareholders of record as of December 9, 2013.
Allan Kitagawa, Chairman and Chief Executive Officer, said "We are pleased to declare this special dividend. This special dividend is in addition to our regular dividend that was declared on October 31, 2013 and it reflects our performance to date in 2013 and our strong capital position. As we are now in our fourth year as a publicly held company, we are grateful to all our shareholders who have continued to support us over the past four years. As we stated previously, an important focus of Territorial Bancorp Inc. is building shareholder value through our payment of dividends and our share repurchase program. This special dividend reinforces that focus."
Forward-looking statements - this press release contains forward-looking statements, which can be identified by the use of words such as "estimate," "project," "believe," "intend," "anticipate," "plan," "seek," "expect," "will," "may" and words of similar meaning. These forward-looking statements include, but are not limited to:
These forward-looking statements are based on our current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. We are under no duty to and do not take any obligation to update any forward-looking statements after the date of this release.
The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements:
Because of these and a wide variety of other uncertainties, our actual future results may be materially different from the results indicated by these forward-looking statements.