Article: Chittenden Corporation Reports Higher Earnings Per Share, Increases Quarterly Dividend and Announces New Share Repurchase Plan.

BURLINGTON, Vt., April 19 /PRNewswire-FirstCall/ -- Chittenden Corporation Chairman, President and Chief Executive Officer, Paul A. Perrault, today announced earnings for the quarter ended March 31, 2007 of $20.0 million, or $0.44 per diluted share, compared to $20.2 million or $0.43 per diluted share from the same period a year ago. Chittenden also announced a 10 increase in its quarterly dividend to $0.22 per share. The dividend will be paid on May 11, 2007 to shareholders of record on April 27, 2007.

In making the announcement, Perrault said, "Although the economic activity in our markets has seen a slowdown, fundamentals continue to be reasonably sound. ...

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