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Stock Market & Financial Investment News

News Breaks
April 23, 2013
16:13 EDTASRVAmeriserve Financial reinstates quarterly common stock cash dividend of 1c per share
AmeriServ Financial announced at its annual meeting that its board approved the reinstatement of a 1c per share quarterly common stock cash dividend. The cash dividend is payable May 20 to shareholders of record on May 6. This cash dividend represents a 1.3% annualized yield using the April 22 closing common stock price of $3.05 and represents an approximate payout ratio of 20% based upon the company's recently reported Q1 EPS of 5c.
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