First Federal Increases Dividend and Authorizes Stock Buy-Back
Apr 24, 2001, 01:00 ET from First Federal Capital Corp
LA CROSSE, Wis., April 24 /PRNewswire Interactive News Release/ -- First Federal Capital Corp (Nasdaq: FTFC) today announced two actions taken at its Board of Directors meeting. The company reported that it has declared an increased regular quarterly dividend and authorized the repurchase of up to 1,083,060 shares of common stock. The regular quarterly dividend was increased from $.11 to $.12 per share, for a 9% increase. This cash dividend will be payable on June 7, 2001, to shareholders of record on May 17, 2001. The April 20, 1999 Stock Repurchase Plan, which originally authorized repurchases of up to 905,248 shares, was extended for another year. Since 685,742 shares were repurchased during the original term, and 50,000 shares were purchased during the last twelve months, 169,506 additional shares may be repurchased under the renewed 1999 Plan. The April 18, 2000 Stock Repurchase Plan, which originally authorized repurchases of up to 913,554 shares, was also extended for another year. Since no shares have been repurchased under this plan, all 913,554 shares may be repurchased under the renewed 2000 Plan. All of the repurchased shares will be held as treasury stock and will be available for general corporate purposes. First Federal Capital Corp is the parent company of First Federal Savings Bank La Crosse - Madison. The $2.4 billion holding company is headquartered in La Crosse and serves customers across Wisconsin and northern Illinois through a network of 75 banking facilities. MAKE YOUR OPINION COUNT - Click Here http://tbutton.prnewswire.com/prn/11690X23130163
SOURCE First Federal Capital Corp
LA CROSSE, Wis., April 24 /PRNewswire Interactive News Release/ -- First Federal Capital Corp (Nasdaq: FTFC) today announced two actions taken at its Board of Directors meeting. The company reported that it has declared an increased regular quarterly dividend and authorized the repurchase of up to 1,083,060 shares of common stock. The regular quarterly dividend was increased from $.11 to $.12 per share, for a 9% increase. This cash dividend will be payable on June 7, 2001, to shareholders of record on May 17, 2001. The April 20, 1999 Stock Repurchase Plan, which originally authorized repurchases of up to 905,248 shares, was extended for another year. Since 685,742 shares were repurchased during the original term, and 50,000 shares were purchased during the last twelve months, 169,506 additional shares may be repurchased under the renewed 1999 Plan. The April 18, 2000 Stock Repurchase Plan, which originally authorized repurchases of up to 913,554 shares, was also extended for another year. Since no shares have been repurchased under this plan, all 913,554 shares may be repurchased under the renewed 2000 Plan. All of the repurchased shares will be held as treasury stock and will be available for general corporate purposes. First Federal Capital Corp is the parent company of First Federal Savings Bank La Crosse - Madison. The $2.4 billion holding company is headquartered in La Crosse and serves customers across Wisconsin and northern Illinois through a network of 75 banking facilities. MAKE YOUR OPINION COUNT - Click Here http://tbutton.prnewswire.com/prn/11690X23130163 SOURCE First Federal Capital Corp
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