MSB Financial Corp to Pay $0.22 Special Dividend
MSB FINANCIAL (MSBF)
US:NASDAQ Investor Relations:
millingtonbank.com/about-us/investor-relations
Company Research
Source: GlobeNewswire
MILLINGTON, N.J., April 21, 2020 (GLOBE NEWSWIRE) -- MSB Financial Corp., (the “Company”) (Nasdaq: MSBF), the holding company for Millington Bank, announced today that its Board of Directors has declared a special cash dividend of $0.22 per share on its outstanding common stock, payable on or about May 26, 2020 to stockholders of record as of the close of business on May 12, 2020. Such dividend payment is consistent with the Agreement and Plan of Merger (“Merger Agreement’) dated December 18, 2019 between Kearny Financial Corp. (“Kearny”) and the Company providing for the merger of the Company with and into Kearny, with Kearny as the surviving corporation (the “Merger”). The Merger Agreement provides that the Company may pay dividends on its common stock pending the closing of the Merger comparable to any dividend paid by Kearny on its common stock, with such Company dividend equal to the Kearny dividend payment per share multiplied by 1.3, and a dividend comprised of the dollar am
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