First Federal Pays Dividend in March
by March 31, 2003 12:00 am 58 views
First Federal Bancshares of Arkansas Inc., the Harrison unitary savings and loan company, declared in February that it would pay a 16-cent dividend payable March 25. The dividend was for stockholders of record by March 10.
Larry J. Brandt, president of the corporation and its primary operation, First Federal Bank of Arkansas F.A., said the payment is the firm’s “25th consecutive cash dividend.”
“We are pleased to increase it 14 percent from 14 cents to 16 cents for this quarter,” Brandt said. “Our strong capital base and continued profitability afford us the opportunity to pay another consecutive quarterly cash dividend. Such action demonstrates our commitment to and confidence in our future prospects.”
The bank, in its 69th year, has 16 different offices in north central and Northwest Arkansas. As 2002’s end, First Federal had assets of $679.9 million, total liabilities of $610.6 million and stockholders’ equity of $69.3 million.