BCB Bancorp declares dividend to stock shareholders

Emily Bader//April 7, 2015//

Listen to this article

Bayonne-based BCB Bancorp Inc. announced Tuesday that its board of directors approved a dividend of $150 for each share of its Series A and B noncumulative perpetual preferred stock to be paid to shareholders on record as of April 1.According to the announcement, the cash dividend is payable on April 14 and represents a 6 percent yield, based on the stock’s value of $10,000.

“This marks the eighth dividend on our Series A preferred stock issuance and the fifth dividend on our Series B Preferred Stock Issuance. The capital raised through these two issuances has afforded us the opportunity to continue to grow and strengthen our balance sheet while we continue to explore and execute initiatives that have the potential to increase franchise and shareholder value,” Thomas Coughlin, CEO of BCB Bancorp, said in a prepared statement.

BCB Community Bank currently operates 15 offices in Bayonne, Colonia, Hoboken, Fairfield, Jersey City, Monroe Township, Rutherford, South Orange, Woodbridge and Staten Island, New York.

ALSO ON NJBIZ:

Where does N.J. rank in the nation in property taxes?

Chambers are struggling to reinvent themselves: Here’s one showing how to get it done

Top 50 N.J. law firms boast positive outlook for 2015, survey says