Message #1 From:
NewsBot Date: February 23, 2007 12:06:00 PM
SEFL News SE Financial Corp. Announces Cash Dividend
PHILADELPHIA--(BUSINESS WIRE)--SE Financial Corp. (OTCBB:SEFL) announced today that its Board has declared a cash dividend of $.03 per share payable on or about March 26, 2007 to stockholders of record as of March 12, 2007.
The cash dividend is being paid to provide a return to stockholders after considering the equity and profitability of the Company and the Bank. It is the current intention of the Board of Directors to continue to pay such a dividend quarterly. However, the payment of future dividends will be subject to the Board’s periodic review of the financial condition, earnings and capital requirements of the Company and the Bank.
SE Financial Corp. is the holding company for St. Edmond’s Federal Savings Bank, a federally chartered stock savings institution with five Neighborhood Banking Offices serving South Philadelphia, Roxborough and Ardmore, Pennsylvania and Deptford and Washington Township in New Jersey.
Statements contained in this news release, which are not historical facts, contain forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risk and uncertainties, which could cause actual results to differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, factors discussed in documents filed by the Company with the Securities and Exchange Commission from time to time.
