HMN Financial, Inc. Announces Dividend

Rhea-AI Summary

On July 27, 2022, HMN Financial, Inc. (HMNF) announced a quarterly dividend of $0.06 per share, payable on September 7, 2022, to stockholders of record on August 16, 2022. The future dividend declarations will be at the discretion of the Board of Directors, influenced by factors like financial condition and operational results. HMN is headquartered in Rochester, Minnesota, operating 12 full-service offices in Minnesota, one in Iowa, and one in Wisconsin, along with two loan origination offices.

Positive

• Declared quarterly dividend of $0.06 per share.

Negative

• Future dividends subject to Board's discretion, introducing uncertainty for shareholders.

ROCHESTER, MN, July 27, 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 September 7, 2022 to stockholders of record at the close of business on August 16, 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.

FAQ

What is the dividend amount for HMNF?

HMN Financial has declared a quarterly dividend of $0.06 per share.

When is the dividend payment date for HMNF?

The dividend is payable on September 7, 2022.

What factors influence HMNF's future dividends?

Future dividends depend on operational results, financial condition, capital requirements, and Board discretion.

Who are the stockholders of record for HMNF?

The stockholders of record are those on record as of August 16, 2022.