Blackhawk Bancorp, Inc. Declares Quarterly Dividend on Common Stock

Rhea-AI Summary

Blackhawk Bancorp, Inc. (OTCQX:BHWB) has declared a cash dividend of $0.11 per share on its common stock. Shareholders of record as of December 4, 2020 will receive this dividend on December 18, 2020, amounting to $0.44 annually. This marks the company's twenty-sixth consecutive quarterly dividend.

Headquartered in Beloit, Wisconsin, Blackhawk Bancorp operates in several counties in Wisconsin and Illinois, providing various financial services to its customers.

Positive

• Declared a quarterly dividend of $0.11 per share, maintaining a consistent payout.
• The annualized dividend of $0.44 reflects the company's ongoing commitment to returning value to shareholders.

Negative

• None.

BELOIT, WI / ACCESSWIRE / November 19, 2020 / Blackhawk Bancorp, Inc. (OTCQX:BHWB) reports that its Board of Directors has declared a cash dividend on the Company's common stock. Shareholders of record as of December 4, 2020, will be paid a dividend of $0.11 per share on December 18, 2020. This amounts to $0.44 per share on an annual basis and is the twenty-sixth 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 eleven full-service banking centers and a dedicated commercial office, which are located in Rock County, Wisconsin and the Illinois counties of Winnebago, Boone, McHenry, Lake, and Kane. The Company's footprint stretches along the I-90 corridor from Janesville, Wisconsin to Elgin, Illinois and into the Northwest collar counties of the Chicagoland area. 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 this 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 and as below:

Blackhawk Bancorp, Inc.
www.blackhawkbank.com
Phone: (608) 364-8911

Todd J. James, President & CEO
tjames@blackhawkbank.com

Matthew McDonnell, SVP & CFO
mmcdonnell@blackhawkbank.com

SOURCE: Blackhawk Bancorp, Inc.

View source version on accesswire.com:
https://www.accesswire.com/617664/Blackhawk-Bancorp-Inc-Declares-Quarterly-Dividend-on-Common-Stock

FAQ

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

Blackhawk Bancorp has declared a cash dividend of $0.11 per share.

When will the dividend for BHWB be paid?

The dividend will be paid on December 18, 2020.

Who are eligible shareholders for the BHWB dividend?

Shareholders of record as of December 4, 2020, are eligible to receive the dividend.

Is Blackhawk Bancorp's dividend sustainable?

The continued declaration of dividends suggests a commitment to shareholder returns, but sustainability depends on future financial performance.