Heartland Financial USA, Inc. (“HTLF”) Announces Common Stock and Series E Preferred Stock Dividends

Rhea-AI Summary

Heartland Financial USA, Inc. (NASDAQ: HTLF) has announced a quarterly cash dividend of $0.30 per share on its common stock, payable on May 26, 2023. Stockholders must be on record by the close of business on May 12, 2023. The company has 42,558,726 common shares outstanding as of March 31, 2023.

Additionally, a dividend of $175 for Series E Preferred Stock (NASDAQ: HTLFP), equating to $0.4375 per depositary share, has been approved. This dividend will be payable on July 17, 2023, to stockholders of record by June 30, 2023.

Heartland Financial, based in Denver, has assets totaling $20.2 billion as of December 31, 2022, serving multiple states with a diversified range of financial services.

Positive

• Declared a quarterly cash dividend of $0.30 per common share, indicating strong financial health.
• Approved a dividend of $175 for Series E Preferred Stock, reflecting commitment to preferred shareholders.

Negative

• None.

DENVER, April 19, 2023 (GLOBE NEWSWIRE) --

Common Stock Dividend
Heartland Financial USA, Inc. (NASDAQ: HTLF), operating under the brand name HTLF, announced its Board of Directors approved a quarterly cash dividend on common stock of $0.30 per share. The dividend is payable on May 26, 2023, to stockholders of record at the close of business on May 12, 2023.  As of March 31, 2023, there were 42,558,726 common shares outstanding listed on the NASDAQ Global Select Market under the symbol HTLF.

Series E Preferred Stock Dividend
The Board of Directors also approved a dividend of $175 for Series E Preferred Stock (NASDAQ: HTLFP), which results in a dividend of $0.4375 per depositary share. The dividend is payable on July 17, 2023, to stockholders of record at the close of business on June 30, 2023.

About HTLF
Heartland Financial USA, Inc., is a Denver, Colorado-based bank holding company operating under the brand name HTLF, with assets of $20.2 billion as of December 31, 2022.  HTLF’s banks serve communities in Arizona, California, Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Montana, New Mexico, Texas and Wisconsin.  HTLF is committed to its core commercial business, supported by a strong retail operation, and provides a diversified line of financial services including treasury management, wealth management, investments and residential mortgage.  Additional information is available at www.htlf.com.

CONTACT:

Bryan R. McKeag

Executive Vice President

Chief Financial Officer

563.589.1994

bmckeag@htlf.com

 

FAQ

What is the dividend amount for Heartland Financial common stock?

Heartland Financial announced a dividend of $0.30 per share on common stock.

When will the common stock dividend be paid?

The common stock dividend will be payable on May 26, 2023.

What is the dividend for Series E Preferred Stock?

The dividend for Series E Preferred Stock is $175, or $0.4375 per depositary share.

When will the Series E Preferred Stock dividend be paid?

The Series E Preferred Stock dividend will be payable on July 17, 2023.

How many common shares of Heartland Financial are outstanding?

As of March 31, 2023, there are 42,558,726 common shares outstanding.