UCBH Holdings, Inc. Declares 25% Increase in Dividend for the First Quarter of 2005
biz.yahoo.com
Monday February 28, 6:00 am ET
SAN FRANCISCO--(BUSINESS WIRE)--Feb. 28, 2005--UCBH Holdings, Inc. today announced that its Board of Directors has declared a cash dividend for the first quarter of 2005 of $0.05 per common share. This dividend represents a 25% increase over the Company's previous quarterly dividend of $0.04 per share for the fourth quarter of 2004. The cash dividend will be payable on April 11, 2005, to common shareholders of record as of March 31, 2005, on a pre-split basis.
As previously announced on February 14, 2005, the Board of Directors of UCBH declared a two-for-one stock split to be effected in the form of a stock dividend for shareholders of record as of March 31, 2005. The stock split will be distributed on April 12, 2005. Shareholders will receive a dividend of one additional share of UCBH common stock for each share owned.
"We are very pleased to announce an increased cash dividend for the first quarter of 2005," commented Mr. Thomas S. Wu, Chairman, President and Chief Executive Officer of UCBH Holdings, Inc. "The continuing successful execution of our business strategy resulted in record earnings growth allowing us to further reward our shareholders for their continued support," concluded Mr. Wu. |
