Blackhawk Bancorp, Inc. Declares Quarterly Dividend on Common Stock

Rhea-AI Summary

Blackhawk Bancorp (OTCQX:BHWB) has declared a cash dividend of $0.11 per share, with a record date of September 4, 2020, and a payment date of September 18, 2020. This dividend represents an annualized rate of $0.44 per share, marking the twenty-fifth consecutive quarterly dividend for the company. Blackhawk Bancorp operates in Wisconsin and Illinois, providing various banking services through its multiple centers along the I-90 corridor.

Positive

• Declared a cash dividend of $0.11 per share, enhancing shareholder income.
• Represents the twenty-fifth consecutive quarterly dividend, highlighting company consistency and confidence.

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• None.

BELOIT, WI / ACCESSWIRE / August 21, 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 September 4, 2020, will be paid a dividend of $0.11 per share on September 18, 2020. This amounts to $0.44 per share on an annual basis and is the twenty-fifth 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: www.blackhawkbank.com

CONTACT:
Blackhawk Bancorp, Inc.
Todd J. James
President & CEO
tjames@blackhawkbank.com

Matthew McDonnell
SVP & CFO
mmcdonnell@blackhawkbank.com

Phone: (608) 364-8911

SOURCE: Blackhawk Bancorp, Inc.

View source version on accesswire.com:
https://www.accesswire.com/602813/Blackhawk-Bancorp-Inc-Declares-Quarterly-Dividend-on-Common-Stock

FAQ

What is the dividend amount declared by Blackhawk Bancorp?

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

When will the dividend be paid to shareholders of Blackhawk Bancorp?

The dividend will be paid on September 18, 2020.

What is the record date for the dividend declared by Blackhawk Bancorp?

The record date for the dividend is September 4, 2020.

How many consecutive quarterly dividends has Blackhawk Bancorp declared?

This is the twenty-fifth consecutive quarterly dividend declared by Blackhawk Bancorp.