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You Are Here: RANGE FINANCIAL DIVIDEND MARCH 1, 2012
RANGE FINANCIAL DIVIDEND MARCH 1, 2012
RANGE FINANCIAL CORPORATION TO RAISE DIVIDEND BY OVER 4%
Range Financial Corporation has announced that it will increase the quarterly dividend paid to shareholders from $1.15 to $1.20 per share. This increase will bring the total dividend paid to shareholders in 2012 to $4.80 a share which is a 4.35% increase. The first quarterly dividend will be paid on March 15, 2012 to shareholders of record on March 1, 2012.
Ken Palmer, Chairman, President and CEO of the Corporation said the increase will provide shareholders an annual yield of 3.44% based on the current stock tangible book value of $139.34 per share.
Range Financial Corporation is the holding company for Range Bank which has over $450 million in assets under management. The Bank serves its customers through twelve offices in Marquette, Houghton and Dickinson counties. Information on Range Bank is available at www.rangebank.com.