Rockville Financial Increases Dividend by 7% to $0.08
Rockville Financial (Nasdaq: RCKB) Board of Directors voted to increase the cash dividend on the Company's common stock, declaring a dividend of $0.08 per share to shareholders of record at the close of business on March 5, 2012 and payable on March 12, 2012. The dividend is being increased by 7% from the prior dividend of $0.075 per share.
This dividend equates to a 3.19% annualized yield based on the $10.04 average closing price of the Company's common stock in the fourth quarter of 2011. The Company has paid dividends for 23 consecutive quarters. The dividend payout ratio for the quarter ended December 31, 2011 was 55%, and the total shareholder return for the year 2011 including capital appreciation and dividends was 10.07%.
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