HMN Financial, Inc. Announces Dividend

Rhea-AI Summary

HMN Financial, Inc. (HMNF) has announced a quarterly dividend of $0.06 per share, payable on December 6, 2022. Stockholders on record as of November 15, 2022 will receive this dividend. The decision for future dividends will rely on various factors including the company's financial performance and capital needs.

Headquartered in Rochester, Minnesota, HMN operates through Home Federal Savings Bank, with several branch locations across Minnesota, Iowa, and Wisconsin.

Positive

• Quarterly dividend of $0.06 per share reinforces shareholder returns.

Negative

• Future dividends depend on various factors, indicating uncertainty for investors.

ROCHESTER, Minn., Oct. 25, 2022 (GLOBE NEWSWIRE) -- HMN Financial, Inc. (HMN or the Company) (Nasdaq:HMNF) today announced that its Board of Directors has declared a quarterly dividend of $0.06 per share of common stock, payable on December 6, 2022 to stockholders of record at the close of business on November 15, 2022. 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

What is the dividend amount declared by HMNF for this quarter?

HMN Financial announced a quarterly dividend of $0.06 per share.

When will the dividend be paid to HMNF shareholders?

The dividend will be paid on December 6, 2022.

What is the record date for the dividend payment of HMNF?

The record date for the dividend payment is November 15, 2022.

Are future dividends guaranteed for HMNF shareholders?

No, future dividends are subject to the discretion of the Board of Directors and depend on various factors.