HMN Financial, Inc. Announces Dividend

Rhea-AI Summary

ROCHESTER, Minn., April 26, 2023 (GLOBE NEWSWIRE) -- HMN Financial, Inc. (HMNF) declared a quarterly dividend of $0.08 per share, payable on June 7, 2023, to shareholders recorded by May 17, 2023. The dividend's future declaration and amount will rely on the Board of Directors’ discretion, considering factors like operational results, financial health, capital needs, and regulatory requirements. HMN operates through Home Federal Savings Bank, with twelve branches in Minnesota and additional offices in Iowa and Wisconsin, reflecting its operational reach and community engagement.

Positive

• Declared a quarterly dividend of $0.08 per share.
• Continued shareholder returns reflect management confidence.

Negative

• Future dividends are subject to board discretion, indicating potential variability.

ROCHESTER, Minn., April 26, 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 June 7, 2023 to stockholders of record at the close of business on May 17, 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

What is the dividend declared by HMNF?

HMNF declared a quarterly dividend of $0.08 per share.

When will the HMNF dividend be paid?

The dividend will be payable on June 7, 2023.

What is the record date for the HMNF dividend?

The record date for the dividend is May 17, 2023.

Are future dividends guaranteed for HMNF?

Future dividends depend on the Board's discretion and various factors.