SE Financial Corp. (SEFL) announced today that its Board has declared a cash dividend of $.03 per share payable on or about March 27, 2008 to stockholders of record as of March 12, 2008.
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. SE Financial Corp.’s common stock trades in the over-the-counter market under the symbol “SEFL.”
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.
SE Financial Corp.
Pamela M. Cyr
President
and CEO
215-468-1700