Logansport Financial Corp. Announces Special Dividend to Shareholders

Rhea-AI Summary

Logansport Financial Corp. (LOGN) has announced a Special Dividend of $2.50 per share for shareholders of record as of April 3, 2023. This dividend will be disbursed on May 3, 2023. According to President Chad Higgins, the board is pleased to reward loyal shareholders, attributing the dividend to the dedication of employees at Logansport Savings Bank amidst recent challenges. This decision reflects the corporation's commitment to shareholder value and financial health.

Positive

• Approval of a special dividend of $2.50 per share.
• Demonstrates commitment to rewarding shareholders.

Negative

• None.

LOGANSPORT, Ind., March 01, 2023 (GLOBE NEWSWIRE) -- Logansport Financial Corp. (OTCBB – Symbol “LOGN”) (the “Corporation”) announced today that the Board of Directors has approved a Special Dividend of $2.50 per share to its shareholders of record on April 3, 2023. This special dividend will be paid to shareholders on May 3, 2023.

According to Chad Higgins, President of the Corporation, “The board is excited to reward its loyal shareholders with this special dividend. This dividend is a result of the hard work and dedication of the employees of Logansport Savings Bank throughout the unprecedented challenges of the last few years.”

Logansport Financial Corp. (OTCBB: “LOGN.OB”), an Indiana corporation, is the holding company for Logansport Savings Bank, a State Commercial Bank located in Logansport, Indiana.

Contact: Kristie Richey
Chief Financial Officer
Phone Number: 572-722-3855
Fax 574-722-3857

FAQ

What is the special dividend amount for LOGN in 2023?

Logansport Financial Corp. announced a special dividend of $2.50 per share.

When is the special dividend for LOGN payable?

The special dividend will be paid on May 3, 2023.

What is the record date for the LOGN special dividend?

The record date for the special dividend is April 3, 2023.

What company's financial performance is associated with the LOGN dividend?

The dividend reflects the efforts of Logansport Savings Bank and its employees.