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OTTAWA BANCORP, INC. ANNOUNCES CASH DIVIDEND

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OTTAWA, Ill., May 20, 2020 – Ottawa Bancorp, Inc. (NasdaqCM: OTTW) has announced a quarterly cash dividend of $0.08 per share. This dividend is set to be payable on or about June 17, 2020, to shareholders on record by the close of business on June 3, 2020. The company is the holding entity for Ottawa Savings Bank, FSB, which provides a range of financial services including various deposit accounts and loans for individuals and corporations.

Positive
  • Quarterly cash dividend of $0.08 per share indicates stable income for shareholders.
  • Payment date of June 17, 2020, shows commitment to returning value to investors.
Negative
  • None.

OTTAWA, Ill., May 20, 2020 (GLOBE NEWSWIRE) -- May 20, 2020 – Ottawa Bancorp, Inc. (NasdaqCM: 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 June 17, 2020, to stockholders of record as of the close of business on June 3, 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 for OTTW?

The dividend amount for Ottawa Bancorp, Inc. (OTTW) is $0.08 per share.

When will the dividend be paid for OTTW?

The dividend for OTTW will be paid on or about June 17, 2020.

Who is eligible for the dividend payment from OTTW?

Shareholders of record as of the close of business on June 3, 2020, are eligible for the dividend payment.

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