NEW YORK, Oct. 23 /PRNewswire-FirstCall/ -- On October 20, 2009, the Board of Directors of Brooklyn Federal Bancorp, Inc. (the "Company") (Nasdaq: BFSB), the parent company of Brooklyn Federal Savings Bank (the "Bank"), approved a cash dividend of $0.11 per share of common stock, which represents a 10.0% increase, or $0.01, from the dividend paid on August 28, 2009. The dividend will be paid to stockholders of record as of November 16, 2009, payable on November 30, 2009.

This press release may contain certain "forward-looking statements" which may be identified by the use of such words as "believe," "expect," "intend," "anticipate," "should," "planned," "estimated," and "potential." Examples of forward-looking statements include, but are not limited to, estimates with respect to our financial condition, results of operations and business that are subject to various factors which could cause actual results to differ materially from these estimates and most other statements that are not historical in nature. These factors include, but are not limited to, general and local economic conditions, changes in interest rates, deposit flows, demand for mortgage and other loans, real estate values, and competition; changes in accounting principles, policies or guidelines; changes in legislation or regulation; and other economic, competitive, governmental, regulatory, and technological factors affecting our operations, pricing, products and services.

SOURCE Brooklyn Federal Bancorp, Inc.