Downey Financial Corp. Declares Quarterly Dividend

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Wed Jul 23, 2008 6:06pm EDT 

NEWPORT BEACH, Calif., July 23 /PRNewswire-FirstCall/ -- Downey Financial
Corp. (NYSE: DSL) announced today that the Board of Directors declared a
quarterly cash dividend of $0.01 per share payable on August 21, 2008, to
shareholders of record on August 7, 2008.
    Downey Financial Corp., with assets of $12.6 billion, is the parent
company of Downey Savings and Loan Association, F.A., which has 169 branches
throughout California and five in Arizona.
SOURCE  Downey Financial Corporation

Brian E. Cote, CFO of Downey Financial Corp., +1-949-509-4420
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