SOURCE: Timberland Bancorp, Inc.

July 12, 2007 14:00 ET

Timberland Bancorp Increases Quarterly Cash Dividend 11% to $0.10 per Share

HOQUIAM, WA--(Marketwire - July 12, 2007) - The Board of Directors of Timberland Bancorp, Inc. (NASDAQ: TSBK) increased the quarterly cash dividend 11% to $0.10 per share for shareholders of record August 9, 2007, payable August 23, 2007. This will be the 38th consecutive quarter that Timberland has paid a cash dividend on its common stock. The per share dividend reflects the two-for-one stock split in the form of a 100% stock dividend paid on June 5, 2007.

"The continuing strength in the Western Washington economy and our solid performance this year provide the opportunity for us to raise the cash payments to our shareholders," said Michael Sand, President and CEO.

Timberland Bancorp, Inc. is the holding company for Timberland Bank, a western Washington-based financial institution since 1915. The Bank operates branches in the state of Washington in Hoquiam, Aberdeen, Ocean Shores, Montesano, Elma, Lacey, Tumwater, Olympia, Yelm, Puyallup, Edgewood, Tacoma, Bethel Station (Spanaway), Gig Harbor, Silverdale, Poulsbo, Auburn, Winlock and Toledo. Timberland Bancorp, Inc. stock trades on the NASDAQ global market under the symbol "TSBK."

Contact Information

  • For further information contact:
    Michael R. Sand
    President & CEO
    Dean J. Brydon
    CFO
    (360) 533-4747