(Hamilton, Bermuda, August 25, 1997) The Bank of Bermuda today announced that its Board of Directors has approved a 9% increase in the quarterly dividend, from $0.22 to $0.24, representing an annual dividend rate of $0.96 per share. The dividend will be payable October 15, 1997 to shareholders of record on September 30.
Mr. Edward H. Gomez, Senior Vice President and Chief Financial Officer, commented: "Today's action by the Board of Directors recognises the Bank's continuing strong financial performance and expresses confidence about our outlook for the future. This dividend increase, which matches that of last year, is consistent with our desire to have our shareholders participate in the Bank's success."
For additional information please contact:
Ms. Alison J. Satasi, Finance and Planning,
Tel. 441-299-6648