Eastern Virginia Bankshares (NASDAQ:EVBS) has declared a dividend o f40.05 per share. The dividend will be payable to stockholders of record as of April 30, 2010. It will be paid on April 30, 2010.
Eastern Virginia Bankshares recently announced the financial results for the first three month period of 2010. The financial results showed that the net income for the first quarter was $1.3 million. This showed an 84.5% increase in the company’s dividend, compared to the year ago period’s net income of $723,000. The net income that is available to common shareholders for the quarter was reported as $962,000, or $0.16 per common share. The comparable period of 2009 noted a $381,000, or $0.06 per common share in net income available to shareholders.
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Eastern Virginia Bankshares, Inc. is a bank holding company. Through its wholly owned bank subsidiary, EVB, it operates 25 service branches in eastern Virginia. EVB is a community bank targeting small to medium-sized businesses and consumers in its traditional coastal plain markets and the emerging suburbs outside of the Richmond and Greater Tidewater areas. It provides a range of personal and commercial banking services, including commercial, consumer and real estate loans. It complements its lending operations with a range of retail and commercial deposit products and fee-based services.
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