Beacon Federal Bancorp, Inc. (Nasdaq:BFED) announced that the Board of Directors of the Company has declared a quarterly cash dividend of $0.05 per share of the Company's common stock. The dividend reflects an annual cash dividend rate of $0.20 per share. The dividend will be payable to stockholders of record as of September 12, 2011, and is expected to be paid on September 22, 2011.

Beacon Federal Bancorp, Inc. operates as the bank holding company for Beacon Federal that provides various banking services.

Read more:-http://stockhottips.com/?p=18482