Perpetual Federal Savings Bank (OTC Pink: “PFOH”) has announced that it will pay a quarterly dividend of 22 cents per share for the period ending March 31, 2017. This represents an increase of 10 percent over the dividend paid for the same period in 2016.

The dividend will be payable March 20, 2017 to shareholders of record at the close of business March 7, 2017.

The bank has in excess of $390 million in assets and in excess of $68 million in shareholders’ equity (17.5 percent) as of the dividend declaration and remains well capitalized under federal banking guidelines.

The Bank continues to receive a five-star rating by Bauer Financial, Inc., the nation’s leading independent bank rating firm.