Capital Bank To Hike Dividend 33.3%

RALEIGH, N.C., Jan. 26 /PRNewswire-FirstCall/ — Capital Bank Corporation (Nasdaq: CBKN) today announced that its Board of Directors approved a 33.3% increase in the Company’s regular quarterly cash dividend on its common stock to $0.08 from $0.06 per share, effective with the first quarter 2007 dividend payment. The actual declaration of any future dividends and the establishment of the record dates related thereto remains
subject to further action by Capital Bank Corporation’s Board.
    “We are proud of the progressive improvements in profitability at Capital Bank and wish to reward our valued shareholders with what we believe is a significant increase in dividends,” said B. Grant Yarber, President and CEO.
    Capital Bank Corporation, headquartered in Raleigh, N.C., with approximately $1.4 billion in total assets, offers a broad range of financial services. Capital Bank operates 26 banking offices in Asheville (3), Burlington (4), Cary, Graham (2), Greensboro, Hickory, Mebane,Morrisville, Oxford, Pittsboro, Raleigh (5), Sanford (3), Siler City, and Wake Forest.

Leave a Reply

Your email address will not be published. Required fields are marked *