MINNETONKA, Minn., May 13 /PRNewswire-FirstCall/ -- AMERICAN CHURCH MORTGAGE COMPANY (Pink Sheets: ACMC), Minnetonka, Minnesota, announced the declaration by its Board of Directors of a shareholder dividend for its first quarter ended March 31, 2008 of $.10 per share, representing an annualized dividend yield of 4.00%.
The dividend was paid on April 30, 2008 to shareholders of record as of March 31, 2008. Net operating income for the first quarter was $261,858, versus $418,528 for the ...