Atlanfed Bancorp Inc., the parent of Atlantic Federal Savings Bank, has declared a quarterly cash dividend of 10 cents a share to be paid on July 15 to stockholders of record as of June 28. This is the 15th consecutive quarter dividend paid by the company.
On June 17, Atlanfed paid a 10 percent stock dividend, increasing by 10 percent the number of shares held by each stockholder as of May 31.
Atlantic Federal Savings Bank, founded in 1897, has 11 branches in Maryland. The thrift's mortgage subsidiary, Atlantic Home Mortgage Corp., has loan-production offices in Towson, Columbia, Pasadena and Newark, Del.