ROCKVILLE, Conn., Jan. 16, 2013 (GLOBE NEWSWIRE) -- Rockville Financial, Inc. ("Rockville Financial" or the "Company") (Nasdaq:RCKB), the holding company for Rockville Bank (the "Bank"), today announced that its Board of Directors voted to pay a quarterly cash dividend of $0.10 per share on February 4, 2013 to all shareholders of record as of January 28, 2013.
"Today's vote by the Board of Directors to pay our 27th consecutive quarterly cash dividend is one way for us to thank our shareholders for their continued confidence in our Company and provide them with a return on their investment in Rockville Financial," said William (Bill) H.W. Crawford IV, President and Chief Executive Officer of Rockville Financial, Inc. and Rockville Bank. "This dividend equates to a 3.08% annualized yield based on the $12.98 average closing price of the Company's common stock in the fourth quarter of 2012. We have increased our dividend by 54% since our second step conversion in March 2011."
This will be the Company's twenty-seventh consecutive quarterly cash dividend since becoming a public company in 2005. Rockville Financial has been able to provide a $0.10 per share dividend for the past two quarters, which represents the highest quarterly dividend paid by the Company to its shareholders. On December 10, 2012, Rockville Financial paid its first-ever special cash dividend of $0.16 per share to its shareholders.
About Rockville Financial, Inc.
Rockville Financial, Inc. is the parent of Rockville Bank, which is a 21-branch community bank serving Tolland, Hartford and New London counties in Connecticut. Rockville Bank has established a New Haven County Commercial Banking Office in Hamden, Conn., and will soon be opening a full-service Banking Center in West Hartford, Conn. For more information about Rockville Bank's services and products, call (860) 291-3600 or visit www.rockvillebank.com. For more information about Rockville Financial, Inc., visit www.rockvillefinancialinc.com.
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Forward Looking Statements
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 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 securities markets, and legislative and regulatory changes that could adversely affect the business in which the Company and its subsidiaries are engaged.
CONTACT: Investor Relations Contact: Marliese L. Shaw Senior Vice President, Investor Relations Officer 860-291-3622 firstname.lastname@example.org Media Relations Contact: Adam J. Jeamel Vice President, Corporate Communications 860-291-3765 email@example.com
Source:Rockville Financial, Inc.