[PULASKI FINANCIAL CORP. LETTERHEAD]
FOR IMMEDIATE RELEASE
PULASKI FINANCIAL DECLARES QUARTERLY CASH DIVIDEND;
INCREASES QUARTERLY RATE SIX PERCENT
ST. LOUIS, JUNE 21, 2007 - Pulaski Financial Corp. (Nasdaq Global Select: PULB)
today announced its Board of Directors has authorized an increase in the
quarterly dividend rate to nine cents per share, representing a six percent
increase, and declared a quarterly dividend, payable at the new rate on July 16,
2007 to shareholders of record at the close of business on July 6, 2007.
At the new rate, the indicated annual dividend is 36 cents per share, in line
with our bank peer group. This compares with the previous rate of 34 cents per
share, the company noted. Based on the June 20, 2007 closing price of Pulaski
Common Stock of $15.61 per share, the yield at the new annualized dividend rate
is 2.3 percent.
"With our solid financial performance and our prospects for continued growth,
the Board has voted to increase our dividend." said William A. Donius, Chairman
and Chief Executive Officer. "Our strategic plan is clearly working. Our
business is expanding in terms of loans, deposits and earnings per share. We
have already opened one new location this year and we expect to open two more
before year-end. We have recently been recognized by SNL Financial as one of the
top-performing small thrifts in the nation. These and other factors make the
Board confident in the future of Pulaski Financial. This increase in the
dividend rate is the seventh since 2001," he noted.
ABOUT PULASKI FINANCIAL
Pulaski Financial Corp., operating in its 85th year through its subsidiary,
Pulaski Bank, serves customers throughout the St. Louis metropolitan area. The
bank offers a full line of quality retail-banking products through ten
full-service branch offices in St. Louis and three loan production offices in
Kansas City and the Illinois portion of the St. Louis metroplex. The company's
website can be accessed at www.pulaskibankstl.com.
This news release may contain forward-looking statements about Pulaski Financial
Corp., which the Company intends to be covered under the safe harbor provisions
contained in the Private Securities Litigation Reform Act of 1995. Statements
that are not historical or current facts, including statements about beliefs and
expectations, are forward-looking statements. These forward-looking statements
cover, among other things, anticipated future revenue and expenses and the
future plans and prospects of the Company. These statements often include the
words "may," "could," "would," "should," "believes," "expects," "anticipates,"
"estimates," "intends," "plans," "targets," "potentially," "probably,"
"projects," "outlook" or similar expressions. You are cautioned that
forward-looking statements involve uncertainties, and important factors could
cause actual results to differ materially from those anticipated, including
changes in general business and economic conditions, changes in interest rates,
legal and regulatory developments, increased competition from both banks and
non-banks, changes in customer behavior and preferences, and effects of critical
accounting policies and judgments. For discussion of these and other risks that
may cause actual results to differ from expectations, refer to our Annual Report
on Form 10-K for the year ended September 30, 2006, and our Quarterly Reports on
Form 10-Q for the quarters ending December 31, 2006 and March 31, 2007 on file
with the SEC, including the sections entitled "Risk Factors." These risks and
uncertainties should be considered in evaluating forward-looking statements and
undue reliance should not be placed on such statements. Forward-looking
statements speak only as of the date they are made, and the Company undertakes
no obligation to update them in light of new information or future events.
FOR ADDITIONAL INFORMATION CONTACT:
William A. Donius, Chairman & CEO Michael Arneth or Tad Gage
Pulaski Financial Corp. The Investor Relations Company
(314) 878-2210 Ext. 3610 (312) 245-2700
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