Pulaski Accelerates Cash Dividend

Gary Douglass, president and chief executive officer of Pulaski Financial Corp./ Photo courtesy of St. Louis Post-Dispatch

Shareholders of Pulaski Financial Corp. will receive their quarterly cash dividend early, thanks to uncertainty over taxation of dividends in the new year.

Creve Coeur-based Pulaski Financial, the parent company of Pulaski Bank, said shareholders will receive a cash dividend of 9.5 cents a share payable on Dec. 31 instead of January.

“This dividend represents the regular quarterly cash dividend that would have been payable in January 2013 under the usual schedule we have followed in the past,” Gary Douglass, Pulaski’s president and chief executive officer, said in a statement. “However, because of the uncertainty regarding the taxation of dividends in 2013, we decided to accelerate the timing of this dividend payment into calendar year 2012 to maximize its after-tax value to our shareholders.”  Read more on St. Louis Post-Dispatch.

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