First Federal Bancshares Declares 16-Cent Dividend

First Federal Bancshares of Arkansas Inc., the publicly traded Harrison banking company, announced that its board approved a 16-cent cash dividend payable on June 25 to stockholders of record at the close of business June 10.

Larry J. Brandt, president and CEO of the firm, said this marks First Federal’s 26th consecutive quarterly dividend.

First Federal operates 16 offices in north central and Northwest Arkansas. As of March 31 it had assets of $696.2 million, total liabilities of $625.8 million and stockholders’ equity of $70.4 million.