	homestead financial hfl ups cash dividend homestead financial corp said it has increased the dividend on its class a common shares to cts a share from five cts prior while declaring an initial dividend on its class b common stock of cts a share homestead said the two classes of stock emerged as part of its recapitalization plan which also doubled the number of authorized common comprising both classes to mln shares homestead said the dividends are payable on april to shareholders of record march homestead also said that class b shareholders who want to increase their dividends may exchange their shares for an equal number of class a shares on or before march reuter 
