OTTAWA BANCORP, INC. ANNOUNCES CASH DIVIDEND

Rhea-AI Summary

Ottawa Bancorp, Inc. (OTCQX: OTTW) has declared a quarterly cash dividend of $0.08 per share, set for payment on or about September 16, 2020. This dividend will be distributed to stockholders of record as of the close of business on September 2, 2020. Ottawa Bancorp is the holding company for Ottawa Savings Bank FSB, providing a range of financial services including various deposit accounts and loans since its establishment in 1871.

Positive

• Declaration of a quarterly cash dividend of $0.08 per share.
• Dividend payment signifies company stability and commitment to shareholders.

Negative

• None.

Ottawa, Ill., Aug. 19, 2020 (GLOBE NEWSWIRE) --  Ottawa Bancorp, Inc. (OTCQX: OTTW), the holding company for Ottawa Savings Bank FSB, announced today that its Board of Directors has declared a quarterly cash dividend of $0.08 per share, payable on or about September 16, 2020, to stockholders of record as of the close of business on September 2, 2020.    

Ottawa Bancorp, Inc. is the holding company for Ottawa Savings Bank, FSB which provides various financial services to individual and corporate customers in the United States. The Bank offers various deposit accounts, including checking, money market, regular savings, club savings, certificate, and various retirement accounts. Its loan portfolio includes one-to-four family residential mortgage, multi-family and non-residential real estate, commercial, and construction loans as well as auto loans and home equity lines of credit. Ottawa Savings Bank, FSB was founded in 1871 and is headquartered in Ottawa, Illinois. For more information about the Company and the Bank, please visit www.ottawasavings.com.

Contact:          
Craig Hepner
President and Chief Executive Officer
(815) 366-5437

FAQ

What is the dividend amount declared by Ottawa Bancorp for September 2020?

Ottawa Bancorp has declared a dividend of $0.08 per share.

When will the dividend be paid to shareholders of Ottawa Bancorp?

The dividend will be paid on or about September 16, 2020.

What is the record date for the dividend payment of Ottawa Bancorp?

The record date for the dividend payment is September 2, 2020.

How often does Ottawa Bancorp declare dividends?

Ottawa Bancorp declares dividends quarterly.

What services does Ottawa Savings Bank offer?

Ottawa Savings Bank offers deposit accounts, loans, and various financial services for individuals and businesses.