Mayflower Bancorp, Inc. (MFLR) Reports Flat Profit
Mayflower Bancorp, Inc. (MFLR) reported $232,000, or $0.11 per share, in earnings for its first fiscal quarter of 2009. This was approximately flat with the same quarter of 2008. The bank reported total assets of $246.9 million. The company also declared a quarterly cash dividend of $.06 per share to be paid September 8 to shareholders of record as of September 1. This was down from the previous dividend of $0.10 per share. “The decision made by our Board of Directors to reduce the dividend paid per share was made in the interests of retaining more capital in the Company,”…