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Article: Four Oaks Fincorp, Inc. Declares 2008 Second Quarter Dividend.
- Article from:
- Business Wire
- Article date:
- May 1, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FOUR OAKS, N.C. -- Four Oaks Fincorp, Inc.(OTCBB:FOFN), holding company for Four Oaks Bank & Trust Company, today announced that the Board of Directors declared a cash dividend of 8 cents per share payable on or after June 16, 2008, to shareholders of record on June 9, 2008. This dividend is 10% higher than the second quarter 2007 dividend as adjusted to retroactively reflect the 10% stock dividend paid on November 9, 2007. Former shareholders of LongLeaf Community Bank who receive shares of Four Oaks common stock in connection with the recently completed merger will be entitled to receive this dividend.
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