SOURCE: ASB Financial Corp.

June 28, 2005 15:15 ET

ASB Financial Corp. Announces Increase in Quarterly Dividend

PORTSMOUTH, OH -- (MARKET WIRE) -- June 28, 2005 -- The Board of Directors announced Tuesday that ASB Financial Corp. (NASDAQ: ASBP), the holding company for American Savings Bank, fsb, has declared an increase in the regular quarterly dividend of $.16 per share (up from $.15 per share, a 6.67% increase), payable on July 29, 2005, to shareholders on record as of July 18, 2005. This is the forty-first consecutive quarterly dividend declared by ASB since the completion of the mutual to stock conversion of American Savings Bank in May 1995.

A special meeting of shareholders to vote on the reverse stock split that would result in ASB going private is scheduled for July 8, 2005. If the reverse stock split is approved at that meeting, the splits will be completed before the record date for the July dividend. As a result, shares that are cashed out in the reverse stock split will not receive the July dividend payment.

Contact Information

  • Robert M. Smith
    President & CEO
    ASB Financial Corp.
    PO Box 1583
    503 Chillicothe Street
    Portsmouth, Ohio 45662
    740.354.3177 phone
    740.354.3170 fax
    Email Contact