Press Release Source: Charter Financial Corporation
Charter Financial Declares Special Dividend Tuesday December 27, 7:00 am ET
WEST POINT, Ga., Dec. 27 /PRNewswire-FirstCall/ -- Charter Financial Corporation (Nasdaq: CHFN - News) today announced that its board of directors has declared a special dividend of 35 cents per share. The dividend is payable on February 1, 2006, to stockholders of record on January 13, 2006.
Charter Financial is the majority-owned subsidiary of First Charter, MHC, a federal mutual holding company, which owns approximately 80 percent of its outstanding shares. First Charter, MHC, has filed a regulatory notice of its intent to waive dividends paid on the shares it owns.
Charter Financial Corporation is a savings and loan holding company and the parent of CharterBank, a full-service community bank and a federal savings institution. Charter Financial Corporation owns 4.5 million shares of Freddie Mac common stock with a pre-tax unrealized gain of $294.4 million at September 30, 2005. CharterBank is headquartered in West Point, Georgia, and operates nine full-service branches on the I-85 corridor from LaGrange, Georgia, to Auburn, Alabama. CharterBank's deposits are insured by the Federal Deposit Insurance Corporation.