Article: AMERICAN BUSINESS FINANCIAL SERVICES, INC. DECLARES QUARTERLY DIVIDEND

BALA CYNWYD, Pa., May 29 /PRNewswire/ -- American Business Financial Services, Inc. (PHLX: AFX) announced today that the board of directors of the Company has unanimously voted to declare a quarterly dividend of $.015 per share for shareholders of record as of June 7, 1996. The initial dividend will be for the second and third quarters (October 1, 1995-March 31, 1996) for a total of $.03 per share payable on June 28, 1996. This dividend declaration comes on the heels of the Company's recent listing on the Philadelphia Stock Exchange.

"We are extremely pleased that the Board unanimously approved our first dividend," said Anthony J. Santilli, chairman and chief ...

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