Home Federal Bancorp, Inc. of Louisiana Declares Quarterly Cash Dividend

Rhea-AI Summary

Home Federal Bancorp, Inc. of Louisiana (NASDAQ: HFBL) announced a quarterly cash dividend of $0.10 per share, declared during the Board meeting on July 21, 2021. This dividend, marking the 65th consecutive quarterly payment, will be payable on August 16, 2021, to shareholders of record by August 2, 2021. The dividend reflects a 21.2% increase from previous rates, demonstrating the company's commitment to shareholder value and confidence in its financial stability, with a payout ratio of approximately 24%.

Positive

• Quarterly dividend declared at $0.10 per share.
• 21.2% increase in dividend rate.
• 65th consecutive quarterly cash dividend.
• Payout ratio of approximately 24% indicates healthy earnings.

Negative

• None.

SHREVEPORT, La., July 21, 2021 (GLOBE NEWSWIRE) -- Home Federal Bancorp, Inc. of Louisiana (the “Company”) (NASDAQ: HFBL), the holding company for Home Federal Bank, announced today that its Board of Directors at their meeting on July 21, 2021, declared a quarterly cash dividend of $0.10 per share on the Company’s common stock. The dividend is payable on August 16, 2021, to the shareholders of record at the close of business on August 2, 2021.

James R. Barlow, Chairman of the Board, President and Chief Executive Officer, stated, “This eighth annual increase in our dividend rate, and 65^th consecutive quarterly cash dividend, reflects our continued commitment to creating value for our shareholders and confidence in the financial strength and long-term prospects for our Company. This represents a 21.2% increase in the dividend rate and, based on our earnings for the quarter ended March 31, 2021, the increase reflects a payout ratio of approximately 24%.”

Home Federal Bancorp, Inc. of Louisiana is the holding company for Home Federal Bank which conducts business from its seven full-service banking offices and home office in northwest Louisiana. Additional information is available at www.hfbla.com.

Statements contained in this news release which are not historical facts may be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like “believe,” “expect,” “anticipate,” “estimate” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could” or “may.” We undertake no obligation to update any forward-looking statements.

Contact:

Home Federal Bancorp, Inc. of Louisiana James R. Barlow, Chairman of the Board, President and   Chief Executive Officer (318) 222-1145

FAQ

What is the dividend amount announced by HFBL?

The announced dividend amount by Home Federal Bancorp (HFBL) is $0.10 per share.

When will the dividend be paid to shareholders of HFBL?

The dividend will be paid on August 16, 2021.

What is the record date for HFBL's dividend?

The record date for HFBL's dividend is August 2, 2021.

What percentage increase was declared for HFBL's dividend?

The dividend was increased by 21.2%.

How many consecutive dividends has HFBL paid?

Home Federal Bancorp has paid 65 consecutive quarterly cash dividends.