Perpetual Federal Savings Bank of Urbana announces increase in cash dividend

The Perpetual Federal Savings Bank of Urbana announced a quarterly dividend of $.24 per share for the period ending on Sept. 30.

It represents an increase of 4.3 percent over the dividend paid for the same period last year, according to a press release from the bank on Tuesday.

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Dividends for the year-long period ending on Sept. 30 consisted of regular quarterly dividends of $.95 per share and a special dividend of $.26 per share, the release says.

The total dividends paid for this fiscal year is $1.21 per share, according to the release. The bank has in excess of $391 million in assets and $75 million in shareholders’ equity.