In Brief: Wayne Savings to Pay Special Cash Dividend

WOOSTER, Ohio - The board of directors of the Wayne Savings and Loan Co. has declared a special cash dividend of 26 cents per share of common stock.

The dividend will be paid on June 15 to shareholders of record as of May 30.

The company's board said it decided to declare the special dividend because of Wayne Savings' strong capital position, sound asset quality, and relatively stable core earnings over the past year.

The $241 million-asset company already had paid dividends totaling 74 cents per share for the fiscal year ended March 31.

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