8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  November 29, 2011

CHARTER FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

United States (State or other jurisdiction of incorporation or organization)	001-34889 (Commission    File Number)	58-2659667 (IRS Employer Identification No.)
1233 O. G. Skinner Drive, West Point, Georgia		31833
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code:  (706) 645-1391

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events

On November 29, 2011, the Board of Directors of Charter Financial Corporation approved a quarterly cash dividend of $0.05 per share. The dividend is payable on December 29, 2011 to stockholders of record on December 13, 2011. A press release announcing the details of the declaration is filed herewith as Exhibit 99.1.

First Charter, MHC, majority stockholder of Charter Financial Corporation has waived the right to receive most of its portion of the dividend, based on action of its Board of Directors.  Accordingly, the dividend is expected to be paid only on the 10,040,491 shares owned by stockholders of Charter Financial Corporation.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

99.1       Press release.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	CHARTER FINANCIAL CORPORATION
	(Registrant)
Date: December 2, 2011	By:	/s/ Curtis R. Kollar
		Curtis R. Kollar, Senior Vice President and
		Chief Financial Officer

EX-99.1

Exhibit 99.1

 

FOR IMMEDIATE RELEASE

Contact:	At Dresner Corporate Services
Robert L. Johnson, President & CEO or Curtis R. Kollar, Chief Financial Officer	Steve Carr 312-780-7211
706-645-1391	scarr@dresnerco.com
bjohnson@charterbank.net or ckollar@ charterbank.net

CHARTER FINANCIAL DECLARES QUARTERLY CASH DIVIDEND

WEST POINT, Ga., November 29, 2011—Charter Financial Corporation (NASDAQ: CHFN) today announced that its board of directors has declared a quarterly cash dividend of 5 cents per share. The dividend is payable on December 29, 2011, to stockholders of record December 13, 2011.

Historically Charter Financial Corporation’s majority holder, First Charter, MHC, has waived the receipt of most dividends declared by Charter Financial Corporation pursuant to Office of Thrift Supervision approval.  First Charter, MHC obtained the approval of the OTS to waive dividends through calendar year 2011.  In July 2011, the Federal Reserve Board succeeded the OTS as the primary federal regulator of First Charter, MHC, and accordingly Federal Reserve Board approval is required for First Charter, MHC to waive dividends in the future.  There can be no assurance that the Federal Reserve Board will permit First Charter, MHC to waive dividends or will not impose restrictions on dividend waivers that make such waivers impracticable.  In such event, Charter Financial ’s dividend policy could change.

 Charter Financial Corporation is a savings and loan holding company and the parent of CharterBank, a full-service community bank and a federal savings institution.  CharterBank is headquartered in West Point, Georgia, and operates branches in central West Georgia, East Alabama and the Florida panhandle.  CharterBank’s deposits are insured by the Federal Deposit Insurance Corporation.