MIDLAND PARK, N.J., Oct. 19, 2016 (GLOBE NEWSWIRE) -- The Board of Directors of Stewardship Financial Corporation (NASDAQ:SSFN), parent company of Atlantic Stewardship Bank, has declared a $0.03 per share cash dividend. Common stockholders of record as of November 1, 2016 will be paid the dividend on November 15, 2016.
In announcing the dividend, Chairman Richard Culp stated, “We are pleased to recognize shareholders with this dividend which represents the seventy-sixth consecutive quarterly dividend since 1998.”
Paul Van Ostenbridge, President and Chief Executive Officer continued, “The board continues to strive to provide value to our shareholders as well as give back to the community through the bank’s unique tithing mission.”
Stewardship Financial Corporation’s subsidiary, Atlantic Stewardship Bank (ASB) is a full-service community bank serving both individuals and businesses. ASB is known for tithing, or sharing, 10% of its taxable income with Christian and local charities. To date, ASB’s total tithing donations total $8.8 million. ASB maintains 11 banking locations in NJ, including; Hawthorne, Midland Park, Montville, North Haledon, Pequannock, Ridgewood, Waldwick, Westwood, Wyckoff and two offices in Wayne. ASB invites you to visit their website at www.asbnow.com for additional information and to learn more.