HarborOne Bancorp, Inc. Declares Third Quarter 2024 Dividend

Rhea-AI Summary

HarborOne Bancorp, Inc. (NASDAQ: HONE), the holding company of HarborOne Bank, has announced a quarterly cash dividend declaration. The Board of Directors has approved a dividend of $0.08 per share. This dividend will be paid on October 28, 2024 to shareholders of record at the close of business on October 14, 2024. The announcement demonstrates the company's commitment to providing regular returns to its shareholders.

Positive

• Consistent dividend payment indicating financial stability
• Maintaining shareholder value through regular cash distributions

Negative

• None.

BROCKTON, Mass.--(BUSINESS WIRE)-- HarborOne Bancorp, Inc. (the “Company”) (NASDAQ: HONE), the holding company of HarborOne Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per share, to be paid on October 28, 2024 to all shareholders of record as of the close of business on October 14, 2024.

Forward Looking Statements

Certain statements herein constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by words such as “believes,” “will,” “would,” “expects,” “project,” “may,” “could,” “developments,” “strategic,” “launching,” “opportunities,” “anticipates,” “estimates,” “intends,” “plans,” “targets” and similar expressions. These statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause such differences to exist include, but are not limited to, changes in general business and economic conditions (including inflation and concerns about inflation) on a national basis and in the local markets in which the Company operates, including changes that adversely affect borrowers’ ability to service and repay the Company’s loans; changes in customer behavior; ongoing turbulence in the capital and debt markets and the impact of such conditions on the Company’s business activities; changes in interest rates; increases in loan default and charge-off rates; decreases in the value of securities in the Company’s investment portfolio; fluctuations in real estate values; the possibility that future credit losses may be higher than currently expected due to changes in economic assumptions, customer behavior or adverse economic developments; the adequacy of loan loss reserves; decreases in deposit levels necessitating increased borrowing to fund loans and investments; competitive pressures from other financial institutions; cybersecurity incidents, fraud, natural disasters, war, terrorism, civil unrest, and future pandemics; changes in regulation; changes in accounting standards and practices; the risk that goodwill and intangibles recorded in the Company’s financial statements will become impaired; demand for loans in the Company’s market area; the Company’s ability to attract and maintain deposits; risks related to the implementation of acquisitions, dispositions, and restructurings; the risk that the Company may not be successful in the implementation of its business strategy; changes in assumptions used in making such forward-looking statements and the risk factors described in the Annual Report on Form 10-K and Quarterly Reports on Form 10-Q as filed with the SEC, which are available at the SEC’s website, www.sec.gov. Should one or more of these risks materialize or should underlying beliefs or assumptions prove incorrect, the Company’s actual results could differ materially from those discussed. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company disclaims any obligation to publicly update or revise any forward-looking statements to reflect changes in underlying assumptions or factors, new information, future events or other changes, except as required by law.

About HarborOne Bancorp, Inc.

HarborOne Bancorp, Inc. is the holding company for HarborOne Bank, a Massachusetts-chartered trust company. HarborOne Bank serves the financial needs of consumers, businesses, and municipalities throughout Eastern Massachusetts and Rhode Island through a network of 30 full-service branches located in Massachusetts and Rhode Island, and a commercial lending office in each of Boston, Massachusetts and Providence, Rhode Island. HarborOne Bank also provides a range of educational resources through “HarborOne U,” with free digital content, webinars, and recordings for small business and personal financial education. HarborOne Mortgage, LLC, a subsidiary of HarborOne Bank, provides mortgage lending services throughout New England and other states.

Category: All Releases

View source version on businesswire.com: https://www.businesswire.com/news/home/20240930391994/en/

Stephen W. Finocchio, EVP Chief Financial Officer (508) 895-1180

Source: HarborOne Bancorp, Inc.

FAQ

What is the dividend amount declared by HarborOne Bancorp (HONE) for Q3 2024?

HarborOne Bancorp (HONE) has declared a quarterly cash dividend of $0.08 per share for the third quarter of 2024.

When is the payment date for HarborOne Bancorp's (HONE) Q3 2024 dividend?

The payment date for HarborOne Bancorp's (HONE) third quarter 2024 dividend is October 28, 2024.

What is the record date for HarborOne Bancorp's (HONE) latest dividend?

The record date for HarborOne Bancorp's (HONE) latest dividend is October 14, 2024, at the close of business.

How often does HarborOne Bancorp (HONE) pay dividends?

Based on the announcement of a quarterly dividend, HarborOne Bancorp (HONE) appears to pay dividends on a quarterly basis.