PNBC Princeton National Bancorp Inc (CE)

Princeton National Bancorp, Inc. (NASDAQ:PNBC) The Board of Directors has declared a dividend of $.23 per share, payable November 25, 2005, to those shareholders of record as of November 4, 2005. This represents a 15.0% increase over the November 2004 dividend of $.20 per share and a 4.5% increase over the August 2005 dividend of $.22 per share. This is the Company's 83rd consecutive dividend. The Board of Directors of Princeton National Bancorp, Inc. also declared a special dividend of $.15 per share payable November 25, 2005 to those shareholders of record as of November 4, 2005. This is the fifth consecutive year the Company has declared a special dividend. President Tony J. Sorcic stated, "This increase represents the third increase in the quarterly dividend in the last 12 months. Also, the Board has increased the dividend eight out of the last twelve quarters; this is indicative of the Company's excellent performance." Sorcic concluded, "The total dividends per share for 2005 will be $1.03, which is a 7.3% increase from 2004 and a 15.7% increase from 2003. The Company's goal to share its success with shareholders is evidenced by the continued increase in the total dividends paid to shareholders." The stock price closed at $34.00 per share on September 30, 2005, which is an 18.1% increase over the December 31, 2004 closing price of $28.80. Based on the current dividend of $.23 per share and the September 30th closing stock price of $34.00, the annualized dividend yield is 2.71%. Including the special dividend of $.15, the annualized dividend yield is 3.1%. Princeton National Bancorp, Inc. is a $928-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.