WALDORF, Md., Jan. 24, 2013 /PRNewswire/ -- Tri-County Financial Corporation (OTCBB: TCFC) (the "Company") announced today that its Board of Directors has declared a quarterly cash dividend of $0.10 per outstanding share of common stock. The dividend will be paid on or about February 19, 2013 to stockholders of record, as of the close of business on February 4, 2013. The Company is moving to a quarterly dividend in place of its previous annual dividend and expects that the total dividend for this year will remain at $0.40 per share.
The Company is the holding company for Community Bank of Tri-County, which conducts business through its main office in Waldorf, Maryland, and ten branch offices in Waldorf, Bryans Road, Dunkirk, Leonardtown, LaPlata, Charlotte Hall, Prince Frederick, Lusby and California, Maryland and Dahlgren, Virginia.
Forward-looking Statements - This news release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements can generally be identified by the fact that they do not relate strictly to historical or current facts. They often include words like "believe," "expect," "anticipate," "estimate" and "intend" or future or conditional verbs such as "will," "would," "should," "could" or "may." Statements in this release that are not strictly historical are forward-looking and are based upon current expectations that may differ materially from actual results. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those anticipated by the statements made herein. These risks and uncertainties involve general economic trends, changes in interest rates, loss of deposits and loan demand to other financial institutions, substantial changes in financial markets; changes in real estate value and the real estate market, regulatory changes, possibility of unforeseen events affecting the industry generally, the uncertainties associated with newly developed or acquired operations, the outcome of pending litigation, and market disruptions and other effects of terrorist activities. The Company undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unforeseen events, except as required under the rules and regulations of the Securities and Exchange Commission.
SOURCE Tri-County Financial Corporation