First Federal Bancshares Declares Dividend
by March 5, 2001 12:00 am 64 views
The board of directors for Harrison’s First Federal Bancshares of Arkansas Inc. on Feb. 26 declared an 11-cent dividend payable March 23. The dividend will be available to stockholders of record as of March 9.
On Feb. 12, the firm completed a seven-month stock repurchase initiative that included 184,674 issued and outstanding shares. The shares’ total value was about $3.4 million, but final figures for those repurchased in January and February were not yet available.
According to documents filed with the Securities and Exchange Commission, the shares will be held as treasury shares and will be available for general corporate purposes.
The corporation, a unitary savings and loan holding company for First Federal Bank of Arkansas FA, which had total assets of $713.9 million as of Dec. 31.
Larry J. Brandt, the corporation president, said the move “reflects management’s commitment to enhance shareholder value.”
Brandt said additional stock repurchases may be considered.