Middleborough’s Mayflower Bancorp Inc. has reported net income of $325,000 for its third quarter ended Jan. 31, 2011, compared to $316,000 in net income for the same quarter last year.

For the nine months ended Jan. 31, 2011, net income was $1.05 million compared to earnings of $850,000 for the same period last year.

In conjunction with these announcements, the company’s board of directors declared a quarterly cash dividend of 6-cents per share. The dividend will be paid March 15 to shareholders of record as of March 8.