ROCKVILLE FINANCIAL, INC. ANNOUNCES TWENTY-SECOND CONSECUTIVE DIVIDEND AND A 15% CASH DIVIDEND INCREASE
Rockville Financial, Inc. (NASDAQ Global Select Market "RCKB"), the parent of Rockville Bank, announced its twenty-second consecutive dividend since becoming a public company in Spring 2005. The dividend, in the amount of $0.075 per share, will be payable on December 5, 2011 to shareholders on record as of the close of business on November 28, 2011.
"We are pleased to announce our twenty-second consecutive cash dividend to shareholders. This is a 15% increase from our prior cash dividend of $0.065 per share,” stated William (Bill) H. W. Crawford, IV, President & Chief Executive Officer of Rockville Bank. “We continue to enjoy excellent asset quality and solid operating performance. We remain committed to providing superior customer service, serving our communities and creating shareholder value.”
Rockville Bank currently is a 21½-branch community bank serving Tolland, Hartford, and New London counties in Connecticut. It provides a convenient banking lifestyle for Colchester, Coventry, East Windsor, Ellington, Enfield, Glastonbury, Manchester, Rockville, Somers, South Glastonbury, South Windsor, Suffield, Vernon, seven days a week in Tolland, and three Big Y supermarket locations. A New Haven County Commercial Banking Office is now open and located at 2319 Whitney Avenue in Hamden, Conn. to provide an array of commercial products and services for businesses located in New Haven County and surrounding areas. Rockville Bank recently filed an application with the Connecticut State Department of Banking for approval to open a full-service branch in West Hartford, Conn. For information about Rockville Bank’s services and products, call (860) 291-3600 or visit www.rockvillebank.com. For information about the Company, Rockville Financial, Inc. (RCKB), visit Investor Relations at www.rockvillebank.com and click on About Us. For investor relations questions, contact Marliese L. Shaw, Vice President, Investor Relations Officer at (860) 291-3622.
This press release may contain certain forward-looking statements about the Company. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” Forward-looking statements, by their nature, are subject to risks and uncertainties. Certain factors that could cause actual results to differ materially from expected results include increased competitive pressures, changes in the interest rate environment, general economic conditions or conditions within the securities markets, and legislative and regulatory changes that could adversely affect the business in which the Company and its subsidiaries are engaged.