Hawthorn Bancshares Announces Cash Dividend

Rhea-AI Summary

Hawthorn Bancshares (NASDAQ: HWBK) has announced an increase in its quarterly cash dividend by $0.01 per share, marking an 8.3% rise to a total of $0.13 per share. This dividend will be payable on January 1, 2021, to shareholders of record as of December 15, 2020. Chairman David T. Turner highlighted that this increase reflects improved earnings since the last adjustment made on July 1, 2019.

Positive

• Quarterly cash dividend increased by 8.3%, signaling strong earnings.
• Dividend of $0.13 per share enhances shareholder income.

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• None.

JEFFERSON CITY, Mo., Nov. 05, 2020 (GLOBE NEWSWIRE) -- Hawthorn Bancshares of Jefferson City, MO (NASDAQ: HWBK) announced today that its Board of Directors approved an increase in the quarterly cash dividend of $0.01 per share, or 8.3%, to a total of $0.13 per share, payable January 1, 2021 to shareholders of record at the close of business on December 15, 2020. Chairman David T. Turner stated, "Hawthorn believes our shareholders should benefit from improved earnings since the last time we increased our quarterly dividend effective July 1, 2019."

About Hawthorn Bancshares

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.

FAQ

What is the new dividend amount for Hawthorn Bancshares (HWBK)?

The new dividend amount is $0.13 per share, an increase of $0.01.

When will Hawthorn Bancshares pay its next dividend?

The next dividend will be paid on January 1, 2021.

What is the record date for the upcoming dividend by Hawthorn Bancshares (HWBK)?

The record date for the upcoming dividend is December 15, 2020.

How much has Hawthorn Bancshares (HWBK) increased its dividend this time?

Hawthorn Bancshares has increased its dividend by 8.3%.