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Georgetown Bancorp Inc Announces Stock Repurchase Program And Initial Quarterly Cash Dividend

Tuesday, 29 Jan 2013 04:00pm EST 

Georgetown Bancorp Inc announced that Board of Directors has adopted a stock repurchase program. Under the repurchase program, the Company may repurchase up to 79,247 shares of its common stock, or approximately 4.1% of the current outstanding shares. The Company also announced that its Board of Directors declared an initial quarterly cash dividend of $0.04 per share of common stock. The dividend will be paid on or about February 25, 2013, to stockholders of record as of the close of business on February 11, 2013. Repurchases are expected to commence no sooner than February 5, 2013, which represents the termination of the Company`s regular quarterly trading blackout period. The Company expects to publicly release its results of operations for the year ended December 31, 2012 on or about January 31, 2013. This is consistent with the Company`s trading policies. 

Company Quote

0.34 +2.10%
25 Nov 2014