Hawthorn Bancshares Announces Cash Dividend and Stock Dividend

Rhea-AI Summary

Hawthorn Bancshares, Inc. (NASDAQ: HWBK) declared a quarterly cash dividend of $0.17 per common share and a special stock dividend of 4% per common share, both payable on July 1, 2023. Shareholders on record by the close of business on June 15, 2023 will be eligible for these dividends. This decision reflects the company's confidence in its financial health and commitment to providing returns to its shareholders. As a financial-bank holding company based in Jefferson City, Missouri, Hawthorn Bancshares operates multiple branches across the state, contributing to local economies.

Positive

• Quarterly cash dividend of $0.17 per share enhances shareholder returns.
• Special stock dividend of 4% indicates strong company performance and financial confidence.

Negative

• None.

JEFFERSON CITY, Mo., April 26, 2023 (GLOBE NEWSWIRE) -- Hawthorn Bancshares, Inc. (NASDAQ: HWBK) announced today that its Board of Directors approved a quarterly cash dividend of $0.17 per common share, payable July 1, 2023 to shareholders of record at the close of business on June 15, 2023. The board also approved a special stock dividend of 4% per common share payable July 1, 2023 to shareholders of record at the close of business on June 15, 2023.

About Hawthorn Bancshares, Inc.

Hawthorn Bancshares, Inc., a financial-bank holding company headquartered in Jefferson City, Missouri, is the parent company of Hawthorn Bank of Jefferson City, Missouri with additional locations in the Missouri communities of Lee's Summit, Liberty, St. Louis, Springfield, Independence, Columbia, Clinton, Osceola, Warsaw, Belton, Drexel, Harrisonville, California and St. Robert, Missouri.

Statements made in this press release that suggest Hawthorn Bancshares' or management's intentions, hopes, beliefs, expectations, or predictions of the future include "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended. It is important to note that actual results could differ materially from those projected in such forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those projected in such forward-looking statements is contained from time to time in the Company's quarterly and annual reports filed with the Securities and Exchange Commission. These forward-looking statements are made as of the date of this communication, and the Company disclaims any obligation to update any forward-looking statement or to publicly announce the results of any revisions to any of the forward-looking statements included herein, except as required by law.

FAQ

What is the dividend amount for Hawthorn Bancshares for Q2 2023?

The dividend amount for Q2 2023 is $0.17 per common share.

When will the dividends for Hawthorn Bancshares be paid?

The dividends will be paid on July 1, 2023.

What is the record date for receiving the dividends from Hawthorn Bancshares?

The record date for receiving the dividends is June 15, 2023.

How does the special stock dividend impact my investment in Hawthorn Bancshares?

The special stock dividend of 4% rewards shareholders by increasing their total shareholdings, reflecting the company's strong performance.