CLIFTON, N.J.--(BUSINESS WIRE)--

Clifton Bancorp Inc., (the “Company”) (NasdaqGS: CSBK), the holding company for Clifton Savings Bank, announced today that its Board of Directors has declared a special cash dividend of $0.25 per share on its outstanding common stock, payable on or about July 13, 2017 to stockholders of record as of the close of business on June 29, 2017.

“Since our conversion to a fully public company in April 2014 we believe we have created value for CSBK stockholders through our organic growth, dividends and share repurchases, all of which have been made possible by our consistent earnings and exceedingly high capital position,” said Paul M. Aguggia, President and CEO. “This special dividend represents another tangible way to leverage our capital and provide returns for the benefit of our stockholders. We appreciate our stockholders' investment in CSBK.”

Clifton Bancorp Inc. is the holding company of Clifton Savings Bank (CSBK), a federally chartered savings bank headquartered in Clifton, New Jersey. CSBK is a metropolitan, community-focused bank serving residents and small businesses in its market area through 12 full-service banking centers. For additional investor relations information, including subscribing to email alerts, visit cliftonbancorp.com.

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