BoG issues 2Q dividends

Posted on Jun 23 2004

Bank of Guam’s over 3,000 shareholders could get their common stock dividends for the second quarter of the year on June 30, after the bank’s board authorized the payment of dividends at the rate of 12.5 cents per share.

BoG executive vice president and chief operating officer William D. Leon Guerrero said the rate is the same as that of the year’s first quarter.

With outstanding shares of about 9 million, the bank would release some $2.25 million to shareholders as payment for stock dividends.

“During the past several years, our bank has been preparing for the emerging economic recovery. We feel that the small improvements in our economy have allowed us to pay dividends this quarter to our stockholders, and represent a favorable return on their investment,” Leon Guerrero said.

The bank said it would pay the dividends to stockholders of record as of June 15, 2004. The board authorized the payment of dividends during a regular meeting last May 24.

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