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TMCNet:  BRIEF: Associated Bank raises dividend, to buy back shares

[November 13, 2012]

BRIEF: Associated Bank raises dividend, to buy back shares

Nov 13, 2012 (Milwaukee Journal Sentinel - McClatchy-Tribune Information Services via COMTEX) -- The parent company of Associated Bank said Tuesday it has raised its quarterly cash dividend to 8 cents a share, a boost of 3 cents.

The increase in the dividend follows a consistent return to profitability for Green Bay-based Associated Banc-Corp.

The company's dividend was 32 cents in 2008, before the economic downturn forced many banks to slash their dividends in an effort to preserve capital. Capital at a bank serves as a cushion against loan losses.

Associated trimmed the dividend to 5 cents that year, then in early 2010 cut it again, to 1 cent per share. It was raised back to a nickel in February of this year.


The new 8 cent a share dividend is payable Dec. 17 to shareholders of record Dec. 3.

Associated's board also said Tuesday it also has authorized the repurchase of up to $125 million shares of its common stock.

___ (c)2012 the Milwaukee Journal Sentinel Visit the Milwaukee Journal Sentinel at www.jsonline.com Distributed by MCT Information Services

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