AJS Bancorp, Inc. Announces One-Time Special Dividend of $.50 per share

MIDLOTHIAN, Ill., Nov. 17, 2016 /PRNewswire/ -- AJS Bancorp, Inc. (the "Company") (OTC Pink: AJSB), the holding company for A.J. Smith Federal Savings Bank (the "Bank"), on November 15, 2016 announced the declaration of a one-time special cash dividend on the Company's outstanding common stock of $0.50 per share.  The dividend will be payable to stockholders of record as of November 29, 2016 and is expected to be paid on December 20, 2016.

The Board of Directors believes the special dividend is an appropriate way to reward shareholders for their continued support. Any future determination to pay dividends on its common shares will remain at the discretion of the Company's Board of Directors and will be dependent upon many factors, including its results of operations, cash flows, financial position, capital requirements, general business opportunities, legal, tax, regulatory, and contractual restrictions.

In addition, the Board of Directors has decided to move the regular quarterly cash dividend declaration date from the first month after quarter end to the second month after quarter end effective beginning in the first quarter of calendar 2017, so the next regular dividend declaration date is expected to be February 21, 2017.

About AJS Bancorp, Inc.

AJS Bancorp, Inc. is the holding company for A.J. Smith Federal Savings Bank which was founded in 1892. A.J. Smith Federal Savings Bank is headquartered in Midlothian, Illinois and has two branches in Orland Park, Illinois. The Company had total consolidated assets of $204.8 million and total deposits of $167.6 million as of September 30, 2016. Additional information about the Company is available at www.ajsmithbank.com.

Safe-Harbor

This news release contains forward-looking statements within the meaning of the federal securities laws. 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, indentified by words such as "will," "expected," "believe," and "prospects," 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 and changes in interest rates, increased competition, changes in consumer demand for financial services, the possibility of unforeseen events affecting the industry generally, the uncertainties associated with newly developed or acquired operations, and market disruptions. AJS Bancorp, Inc. undertakes no obligation to release revisions to these forward-looking statements publicly to reflect events or circumstances after the date hereof or to reflect the occurrence of unforeseen events, except as required to be reported under applicable rules and regulations.

SOURCE AJS Bancorp, Inc.

Related Links

http://www.ajsmithbank.com