ASHLAND, Ky., Jan. 18, 2012 /PRNewswire/ -- Poage
Bankshares, Inc. (NASDAQ Capital: PBSK) announced on
January 17, 2012 that its Board
of Directors declared an initial quarterly cash dividend of
$.04 per common share. The dividend
will be paid on or about February 14,
2012, to stockholders of record as of the close of business
on January 30, 2012. This is
the first cash dividend for the Company since the completion of its
initial public offering on September 12,
2011.
"We are pleased to begin paying a cash dividend to our
shareholders," said Tom Rupert,
Chairman of the Board of the Company. "The payment of
dividends represents our long-term commitment to enhancing
shareholder value and we intend to continue paying a quarterly
dividend in the future, subject to our future financial position,
needs and requirements."
Founded in 1889, Home Federal Savings and Loan Association
("Home Federal") is a federally-chartered savings and loan
association that operates six full service locations serving
Boyd, Greenup and Lawrence Counties in northeastern Kentucky and Lawrence and Scioto Counties in southeastern Ohio. As a community-oriented savings and loan
association, Home Federal offers a variety of deposit and loan
products to individuals and small businesses. Poage Bankshares,
Inc. is a Maryland corporation
that was formed in 2011 to be the holding company of Home Federal
in connection with the conversion of Home Federal from the mutual
to the stock form of ownership. Investors may obtain
additional information about Poage Bankshares, Inc. and Home
Federal on the Internet at www.hfsl.com, under Investor
Relations.
Contact: Pam Wise
Telephone: 606-571-2551
SOURCE Poage Bankshares, Inc.