Eagle Bancorp, Inc. Announces Stock Split and Cash Dividend
19 Januar 2005 - 10:57PM
PR Newswire (US)
Eagle Bancorp, Inc. Announces Stock Split and Cash Dividend
BETHESDA, Md., Jan. 19 /PRNewswire-FirstCall/ -- Eagle Bancorp,
Inc. (NASDAQ:EGBN), the parent company of EagleBank, today
announced the declaration of a 1.3 for 1 stock split in the form of
a 30% stock dividend in respect to its common stock. The stock
dividend is payable on February 28, 2005 to shareholders of record
on February 4, 2005. As a result of the split, the number of
outstanding shares of Eagle Bancorp's common stock will increase to
approximately 7,100,000 shares. Eagle Bancorp, Inc. also announced
today the declaration of its first cash dividend, in the amount of
$0.07 per share. The cash dividend will be payable on March 31,
2005 to shareholders of record on March 1, 2005. It is anticipated
that Eagle Bancorp will, subject to continuing evaluation of the
prospects and capital needs of EagleBank, pay a dividend on a
quarterly basis. Forward Looking Statements. This press release
contains forward looking statements within the meaning of the
Securities and Exchange Act of 1934, as amended, including
statements of goals, intentions, and expectations as to future
trends, plans, events or results of Company operations and policies
and regarding general economic conditions. In some cases,
forward-looking statements can be identified by use of words such
as "may," "will," "anticipates," "believes," "expects," "plans,"
"estimates," "potential," "continue," "should," and similar words
or phrases. These statements are based upon current and anticipated
economic conditions, nationally and in the Company's market,
interest rates and interest rate policy, competitive factors and
other conditions which by their nature, are not susceptible to
accurate forecast and are subject to significant uncertainty.
Because of these uncertainties and the assumptions on which this
discussion and the forward- looking statements are based, actual
future operations and results in the future may differ materially
from those indicated herein. Readers are cautioned against placing
undue reliance on any such forward-looking statements. The
Company's past results are not necessarily indicative of future
performance. DATASOURCE: Eagle Bancorp, Inc. CONTACT: Ronald D.
Paul of Eagle Bancorp, Inc., +1-301-986-1800 Web site:
http://www.eaglebankmd.com/
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