FFD Financial Declares Quarterly Dividend; Announces Stock Repurchase
21 Abril 2010 - 9:35AM
FFD Financial Corporation (Nasdaq:FFDF) announced that on April 20,
2010, the Board of Directors declared a dividend of seventeen cents
($0.17) per share to shareholders of record on April 30, 2010,
payable on May 14, 2010. The rate of $.17 per share represents the
same dividend rate paid for the same period the prior
year. This is the fifty-seventh consecutive quarter FFD
Financial Corporation has paid a dividend.
The Board of Directors also approved a stock repurchase program
in which the company will buy back up to 25,000 of its outstanding
shares. The new repurchase program will commence in the near
future. The shares will be repurchased from time to time in open
market or private transactions, subject to the availability of
shares, the prevailing market prices and any other considerations
that may, in the opinion of the Board or management, affect the
advisability of purchasing the company's shares. Shares purchased
will be held by the company as treasury shares for general
corporate purposes, including for issuance in connection with stock
option exercises. There is no set timetable to complete the
repurchase.
FFD Financial Corporation is traded on the NASDAQ Capital Market
under the symbol FFDF. First Federal Community Bank has full
service offices in downtown Dover, downtown New Philadelphia, on
the Boulevard in Dover, in Sugarcreek, and in Berlin. The
Corporation maintains an interactive web site at
www.onlinefirstfed.com .
CONTACT: FFD Financial Corporation
Trent B. Troyer, President & CEO
330-364-7777
trent@onlinefirstfed.com
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