Rockville Financial, Inc. the parent company of Rockville Bank, announced on Wednesday its 24th consecutive dividend since becoming a public company in the Spring of 2005.
The dividend, in the amount of 9 cents per share, will be payable on May 7 to shareholders of record at the close of business on April 30, bank officials said in a news release.
Rockville Bank President and Chief Executive Officer William H. W. Crawford IV said the dividend represents a 13 percent increase from the institution's prior cash dividend of 8 cents per share, and a 38 percent increase from the cash dividend of 6.5 cents per share at the time the Rockville Financial closed on its second-step stock offering on March 3, 2011.
“I would like to personally thank our investors for their confidence in our company. Our total shareholder return, including capital appreciation and cash dividends, from March 31, 2011 to March 31, 2012, is 14.9 percent compared to the SNL thrift index of negative 5.4 percent,” he said. “At Rockville, we remain focused on creating prosperity for our customers, communities and shareholders."
The bank's annual meeting of shareholders is scheduled for May 17.
"We encourage our shareholders to vote their proxy as this is an important part of our corporate governance,” Crawford said.
Rockville Bank has 21 branches in Tolland, Hartford and New London counties in Connecticut.
Rockville Bank stock trades on the Nasdaq Global Select Market under the symbol RCKB.
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