updated 5/18/2011 9:46:07 AM ET 2011-05-18T13:46:07

CHEVIOT, Ohio, May 18, 2011 (GLOBE NEWSWIRE) -- Cheviot Financial Corp. (Nasdaq:CHEV), holding company of Cheviot Savings Bank, has declared its dividend for the 2nd Quarter of 2011. The Company will pay a dividend of $0.12 per share to stockholders of record June 15, 2011. The dividend will be paid June 30, 2011.

Cheviot MHC, the Company's mutual holding company parent, will waive receipt of the dividend.

Cheviot Financial Corp. is traded on the NASDAQ under the symbol CHEV.

CONTACT: Cheviot Savings Bank
         Thomas J. Linneman

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