Cavalry Bancorp Announces a 14.28 Percent Increase in the Regular Quarterly Cash Dividend to $0.08 Per Share
August 26 2005 - 7:00AM
Business Wire
Cavalry Bancorp, Inc. (NASDAQ: CAVB) today announced that its Board
of Directors has approved a 14.28 percent increase in its quarterly
cash dividend from $0.07 to $0.08 per share. The dividend is
payable October 14, 2005, to shareholders of record on September
30, 2005. The quarterly amount is equivalent to an annualized rate
of $0.32 per share. Cavalry Board Chairman and CEO Ed C. Loughry,
Jr. stated that the Board continues to believe that shareholders
should benefit from Cavalry's continued success through a healthy
dividend. Cavalry Bancorp is the parent of Cavalry Banking, a
community-oriented financial institution operating nine retail
offices in Rutherford and Bedford Counties in Central Tennessee.
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