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

Rhea-AI Summary

On July 21, 2022, Home Federal Bancorp, Inc. of Louisiana (NASDAQ: HFBL) declared a quarterly cash dividend of $0.12 per share, marking a 20% increase. This dividend will be paid on August 15, 2022 to shareholders recorded by the close of business on August 1. This increase represents the ninth annual increase and the 69th consecutive quarterly dividend. The payout ratio stands at approximately 32%, reflecting the company's commitment to shareholder value and confidence in its financial stability.

Positive

• Declared a quarterly cash dividend of $0.12 per share.
• 20% increase in dividend rate.
• 69th consecutive quarterly cash dividend.
• Payout ratio of approximately 32%.

Negative

• None.

SHREVEPORT, La., July 21, 2022 (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, 2022, declared a quarterly cash dividend of $0.12 per share on the Company’s common stock. The dividend is payable on August 15, 2022, to the shareholders of record at the close of business on August 1, 2022.

James R. Barlow, Chairman of the Board, President and Chief Executive Officer, stated, “This ninth annual increase in our dividend rate, and 69^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 20% increase in the dividend rate and, based on our earnings for the quarter ended March 31, 2022, the increase reflects a payout ratio of approximately 32%.”

Home Federal Bancorp, Inc. of Louisiana is the holding company for Home Federal Bank which conducts business from its nine 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 declared by Home Federal Bancorp (HFBL)?

Home Federal Bancorp declared a dividend of $0.12 per share.

When will the dividend for HFBL be paid?

The dividend will be paid on August 15, 2022.

What is the record date for the HFBL dividend?

The record date for the dividend is August 1, 2022.

How many consecutive quarterly dividends has HFBL paid?

HFBL has paid 69 consecutive quarterly dividends.

What is the increase percentage of the latest HFBL dividend?

The latest HFBL dividend represents a 20% increase.