SOURCE: Pulaski Financial

September 19, 2007 15:33 ET

Pulaski Financial Declares Quarterly Cash Dividend

ST. LOUIS, MO--(Marketwire - September 19, 2007) - Pulaski Financial Corp. (NASDAQ: PULB) announced its Board of Directors has declared its regular quarterly cash dividend of nine cents per share, payable on October 15, 2007 to shareholders of record at the close of business on October 4, 2007.

At this rate, the indicated annual dividend is 36 cents per share, in line with Pulaski's bank peer group, noted management. Based on the September 18, 2007 closing price of Pulaski common stock of $13.59 per share, the yield at the annualized dividend rate is 2.65 percent. In June 2007, the board authorized a six percent increase in the company's cash dividend.

"Despite uncertainty in the marketplace, Pulaski has continued to successfully execute on our growth plans and is also able to pay an attractive dividend," said William A. Donius, chairman and chief executive officer. The bank recently opened its 11th full service bank location in the St. Louis area -- a new bank branch in resurgent downtown St. Louis. Pulaski plans to open a 12th location in suburban Clayton in October 2007.

About Pulaski Financial

Pulaski Financial Corp., operating in its 85th year through its subsidiary, Pulaski Bank, serves customers throughout the St. Louis metropolitan area. The bank offers a full line of quality retail-banking products through ten full-service branch offices in St. Louis and three loan production offices in Kansas City and the Illinois portion of the St. Louis metroplex. The company's website can be accessed at www.pulaskibankstl.com.

This news release may contain forward-looking statements about Pulaski Financial Corp., which the Company intends to be covered under the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements. These forward-looking statements cover, among other things, anticipated future revenue and expenses and the future plans and prospects of the Company. These statements often include the words "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," "targets," "potentially," "probably," "projects," "outlook" or similar expressions. You are cautioned that forward-looking statements involve uncertainties, and important factors could cause actual results to differ materially from those anticipated, including changes in general business and economic conditions, changes in interest rates, legal and regulatory developments, increased competition from both banks and non-banks, changes in customer behavior and preferences, and effects of critical accounting policies and judgments. For discussion of these and other risks that may cause actual results to differ from expectations, refer to our Annual Report on Form 10-K for the year ended September 30, 2006, and our Quarterly Reports on Form 10-Q for the quarters ending December 31, 2006, March 31, 2007 and June 30, 2007on file with the SEC, including the sections entitled "Risk Factors." These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update them in light of new information or future events.

Contact Information

  • For Additional Information Contact:
    William A. Donius
    Chairman & CEO
    Pulaski Financial Corp.
    (314) 878-2210 Ext. 3610

    Tad Gage or Woody Wallace
    The Investor Relations Company
    (312) 245-2700