February 25, 2009 (FinancialWire) -- Charter Financial Corp. (OTCBB: CHFN) said that its board has declared a quarterly cash dividend of 25 cents per share. The dividend is payable on March 30 to stockholders of record on March 13.

The dividend will be paid on around 2.8 million shares and the total dividend payout will be around $683,000. First Charter, MHC, which owns about 86 percent of Charter Financial, is waiving its right to receive this dividend.

West Point, Georgia-based Charter Financial is a savings and loan holding company and the parent of CharterBank, a community bank and a federal savings institution.

CharterBank operates ten branches on the I-85 corridor from LaGrange, Georgia, to Auburn, Alabama. The company also operates two loan production offices in Georgia.

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