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NJ-based Shore Community to pay 10% dividend

The board of Shore Community Bank declared a 10% stock dividend,

The move will increase the Toms River, N.J.-based bank'snumber of shares outstanding by 246,580, for a total of 2,712,387 shares,according to an April 5 press release.

The dividend will be paid out May 4 to shareholders ofrecord as of April 21.