Bendigo and Adelaide Bank Reports Profit

Australian regional bank, Bendigo and Adelaide Bank (ASX:BEN) have reported a profit to their shareholders of 189.5 percent increase in full year net profit. For the 12 months to June 2010 the company's net profit was $242.6 million, up from the corresponding period the previous year of $83.8 million. Company revenue rose to $1.135 billion or 29.9 percent. Cash earnings per share was 83.3 cents, up 32.4 per cent from 62.9 cents.

Bendigo and Adelaide Bank Dividend

Bendigo and Adelaide Bank have announced a fully franked final dividend of 30 cents per share, with full year dividends totalling 58 cents. The dividend payout is "consistent with the board's policy of paying out 60-70 per cent of cash earnings as dividends".