Logansport Financial Corp. Announces Special Dividend to Shareholders

Rhea-AI Summary

Logansport Financial Corp. (OTCBB: LOGN) declared a special dividend of $2.00 per share for shareholders on record as of April 15, 2021. The dividend, which recognizes strong corporate performance, will be distributed on May 14, 2021. President Arden L. Cramer emphasized this payout as a reward for loyal shareholders, exceeding typical quarterly dividends.

Positive

• Special dividend of $2.00 per share enhances shareholder value.
• Reflects strong financial performance and confidence in future.

Negative

• None.

LOGANSPORT, Ind., March 17, 2021 (GLOBE NEWSWIRE) -- Logansport Financial Corp. (OTCBB – Symbol “LOGN”) (the “Corporation”) announced today that the Board of Directors has approved a Special Dividend of $2.00 per share to its shareholders of record on April 15, 2021. This special dividend will be paid to shareholders on May 14, 2021.

According to Arden L. Cramer, President of the Corporation, the special dividend represents recognition of continued strong performance, which allows the Corporation to reward its loyal shareholders beyond normal quarterly dividends.

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: Chad Higgins
Chief Financial Officer
Phone Number: 572-722-3855
Fax 574-722-3857

FAQ

What is the special dividend amount declared by Logansport Financial Corp (LOGN)?

Logansport Financial Corp announced a special dividend of $2.00 per share.

When will the special dividend for LOGN be paid?

The special dividend will be paid on May 14, 2021.

Who is eligible for the special dividend from LOGN?

Shareholders on record as of April 15, 2021, are eligible for the special dividend.

Why has Logansport Financial Corp declared a special dividend?

The special dividend is a recognition of the corporation's continued strong performance.