New Castle News

December 10, 2012

ESB Financial declares dividend

Debbie Wachter
New Castle News

NEW CASTLE — ESB Financial Corp. has declared a quarterly cash dividend of 10 cents on its common stock.

The dividend on the parent firm of ESB Bank is payable Dec. 28 to the stockholders of record at the close of business Dec. 17.

In announcing the cash dividend, Charlotte A. Zuschlag, president and chief executive officer, said, “Based on the likelihood of a change in tax rates for future dividend payments, we have accelerated the payment of this quarterly dividend into December 2012 from our normal dividend payment in January 2013 in order to return capital to our stockholders in a tax-efficient manner.”

In addition, Zuschlag noted the company’s results of operations for the three months ended Sept. 30. The company recognized net income for the period of $3.9 million, or 27 cents per diluted share.