HMN Financial, Inc. Announces Dividend

Rhea-AI Summary

HMN Financial, Inc. declares a quarterly dividend of $0.08 per share of common stock. The dividend will be payable on December 7, 2023 to stockholders of record at the close of business on November 16, 2023.

Positive

• HMN Financial, Inc. declares a quarterly dividend of $0.08 per share of common stock. This is a positive news for investors as it indicates the company's commitment to returning value to shareholders.

Negative

• None.

ROCHESTER, Minn., Oct. 25, 2023 (GLOBE NEWSWIRE) --  HMN Financial, Inc. (HMN or the Company) (Nasdaq:HMNF) today announced that its Board of Directors has declared a quarterly dividend of $0.08 per share of common stock, payable on December 7, 2023 to stockholders of record at the close of business on November 16, 2023. The declaration and amount of any future cash dividends remains subject to the sole discretion of the Board of Directors and will depend upon many factors, including the Company’s results of operations, financial condition, capital requirements, regulatory and contractual restrictions, business strategy and other factors deemed relevant by the Board of Directors.

General Information
HMN and Home Federal Savings Bank (the Bank) are headquartered in Rochester, Minnesota. The Bank operates twelve full service offices in Minnesota located in Albert Lea, Austin, Eagan, Kasson, La Crescent, Owatonna, Rochester (4), Spring Valley and Winona, one full service office in Marshalltown, Iowa, and one full service office in Pewaukee, Wisconsin. The Bank also operates two loan origination offices located in Sartell, Minnesota and La Crosse, Wisconsin.

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FAQ

When will the dividend be payable and to whom?

The dividend will be payable on December 7, 2023 to stockholders of record at the close of business on November 16, 2023.

What is the amount of the dividend?

The quarterly dividend declared by HMN Financial, Inc. is $0.08 per share of common stock.

Is the dividend subject to change?

Yes, the declaration and amount of any future cash dividends remains subject to the sole discretion of the Board of Directors and will depend upon various factors.