PNBC Princeton National Bancorp Inc (CE)

Princeton National Bancorp, Inc. (NASDAQ:PNBC) The Board of Directors has declared a dividend of $.22 per share, payable August 25, 2005, to those shareholders of record as of August 5, 2005. This represents a 15.8% increase over the August 2004 dividend of $.19 per share. This is the Company's 82nd consecutive dividend. President Tony J. Sorcic stated, "The Board's goal to enhance long-term shareholder return is evidenced by the consistent stream of dividends. The Board has increased the dividend eight out of the last twelve quarters; this is indicative of the Company's performance." The stock price closed at $32.75 per share on July 29th, which is a 13.7% increase over the December 31, 2004 closing price of $28.80. Based on the current dividend of $.22 per share and the July 29th closing stock price of $32.75, the annualized dividend yield is 2.69%. Princeton National Bancorp, Inc. is a $915 million community bank with locations throughout northern Illinois, several of which are in high-growth markets and two additional locations (Aurora and Elburn) which will also be built in high-growth markets. These communities include: Huntley, Hampshire, Minooka, Sandwich, Somonauk, Plano, Genoa, Millbrook, Newark, Peru, Princeton, Henry, Oglesby, Spring Valley and DePue. The Subsidiary Bank, Citizens First National Bank, provides financial services to meet the needs of individuals, businesses and public entities.