Blackhawk Bancorp, Inc. Declares Quarterly Cash Dividend

Rhea-AI Summary

Blackhawk Bancorp, Inc. (OTCQX:BHWB) announced a quarterly cash dividend of $0.12 per share, payable on March 17, 2023, to shareholders recorded by March 3, 2023. This dividend totals $0.48 annually, marking the 35th consecutive quarterly dividend the company has declared. Blackhawk Bancorp operates ten banking centers in Wisconsin and Illinois, offering consultative financial services to business customers. The company emphasizes a commitment to shareholder returns through consistent dividend payments.

Positive

• Declared a quarterly cash dividend of $0.12 per share, demonstrating financial stability.
• Maintained a record of 35 consecutive quarterly dividends, indicating consistent shareholder returns.
• Annual dividend amounting to $0.48 per share enhances investor confidence.

Negative

• None.

BELOIT, WI / ACCESSWIRE / February 21, 2023 / Blackhawk Bancorp, Inc. (OTCQX:BHWB), (the "Company") the parent company of Blackhawk Bank ("the Bank"), today announced that its Board of Directors has declared a quarterly cash dividend on the Company's common stock. Shareholders of record as of March 3, 2023, will be paid a dividend of $0.12 per share on March 17, 2023. This amounts to $0.48 per share on an annual basis and is the 35th consecutive quarterly dividend declared by the Company.

About Blackhawk Bancorp
Blackhawk Bancorp, Inc. is headquartered in Beloit, Wisconsin, and is the parent company of Blackhawk Bank. The combined entity operates ten full-service banking centers located in Rock County, Wisconsin, and the Illinois counties of Winnebago, Boone, McHenry, and Kane. The Company offers a variety of value-added consultative services to its business customers and their employees related to the financial products it provides.

Forward-Looking Statements
When used in this communication, the words "believes," "expects," "likely", "would", and similar expressions are intended to identify forward-looking statements. The Company's actual results may differ materially from those described in the forward-looking statements. Factors which could cause such a variance to occur include, but are not limited to: heightened competition; adverse state and federal regulation; failure to obtain new or retain existing customers; ability to attract and retain key executives and personnel; changes in interest rates; unanticipated changes in industry trends; unanticipated changes in credit quality and risk factors, including general economic conditions particularly in the Company's markets; potential deterioration in real estate values, success in gaining regulatory approvals when required; changes in the Federal Reserve Board monetary policies; unexpected outcomes of new and existing litigation in which Blackhawk or its subsidiaries, officers, directors or employees is named defendants; technological changes; changes in accounting principles generally accepted in the United States; changes in assumptions or conditions affecting the application of "critical accounting policies"; inability to recover previously recorded losses as anticipated, and the inability of third party vendors to perform critical services for the Company or its customers. The inclusion of forward-looking information should not be construed as a representation by the Company or any person that future events or plans contemplated by the Company will be achieved. The Company undertakes no obligation to publicly update or revise any forward-looking statements whether as a result of new information or otherwise.

Further information is available on the company's website at www.blackhawkbank.com.

Blackhawk Bancorp, Inc.
Todd J. James, Chairman & CEO
tjames@blackhawkbank.com
Phone: (608) 364-8911

Matthew McDonnell, SVP & CFO
mmcdonnell@blackhawkbank.com

SOURCE: Blackhawk Bancorp, Inc.

View source version on accesswire.com:
https://www.accesswire.com/740273/Blackhawk-Bancorp-Inc-Declares-Quarterly-Cash-Dividend

FAQ

What is the dividend amount declared by Blackhawk Bancorp (BHWB)?

Blackhawk Bancorp declared a dividend of $0.12 per share.

When is the dividend payment date for Blackhawk Bancorp (BHWB)?

The dividend will be paid on March 17, 2023.

How many consecutive dividends has Blackhawk Bancorp declared?

The company has declared 35 consecutive quarterly dividends.

What is the annual dividend payout for Blackhawk Bancorp (BHWB)?

The annual dividend payout is $0.48 per share.