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Hampden Bancorp Declares Cash Dividend, Authorizes Stock Repurchase Program

Nov 2, 2011 | Reprints | Unlock Link | Print

The board of directors of Springfield’s Hampden Bancorp Inc., the holding company for Hampden Bank, has declared a quarterly cash dividend of 3 cents per common share.

The dividend will be paid Nov. 30 to shareholders of record at the close of business on Nov. 14.

The company also announced that its board authorized a fifth stock repurchase program for the purchase of up to 321,255 shares, or approximately 5 percent, of the company’s outstanding common stock.

The company will commence its fifth stock repurchase program immediately upon the completion of its fourth repurchase program, announced on Dec. 22, 2010, which has 3,231 shares remaining.

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