OTTAWA BANCORP, INC. ANNOUNCES CASH DIVIDEND

Rhea-AI Summary

Ottawa Bancorp, the holding company for OSB Community Bank, announced a quarterly cash dividend of $0.11 per share.

This dividend will be paid on June 12, 2024, to stockholders of record as of May 29, 2024. OSB Community Bank, founded in 1871 and headquartered in Ottawa, Illinois, offers a range of financial services including deposit accounts and various types of loans such as residential and commercial mortgages, auto loans, and home equity lines of credit. The bank serves both individual and corporate customers in the United States.

Positive

• Quarterly cash dividend of $0.11 per share declared.
• Dividend payable on June 12, 2024, indicating strong liquidity.
• OSB Community Bank has a diverse portfolio including residential, commercial, and construction loans.
• Founded in 1871, demonstrating longstanding stability.
• Headquartered in Ottawa, Illinois, serving a broad range of customers.

Negative

• Dividend payout of $0.11 per share may not be substantial for some investors.
• No information on revenue growth or profitability in the announcement.
• No new business developments or major events disclosed.

OTTAWA, Ill., May 16, 2024 (GLOBE NEWSWIRE) -- Ottawa Bancorp, Inc. (OTCQX: OTTW), the holding company for OSB Community Bank, announced today that its Board of Directors has declared a quarterly cash dividend of $0.11 per share, payable on or about June 12, 2024, to stockholders of record as of the close of business on May 29, 2024.   

Ottawa Bancorp, Inc. is the holding company for OSB Community Bank which provides various financial services to individual and corporate customers in the United States. OSB Community 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. OSB Community Bank was founded in 1871 and is headquartered in Ottawa, Illinois. For more information about Ottawa Bancorp, Inc and OSB Community Bank, please visit www.myosb.bank.

FAQ

What is the dividend declared by Ottawa Bancorp (OTTW)?

Ottawa Bancorp declared a quarterly cash dividend of $0.11 per share.

When will Ottawa Bancorp pay the dividend?

The dividend will be paid on June 12, 2024.

What is the record date for Ottawa Bancorp's dividend?

The record date for the dividend is May 29, 2024.

What services does OSB Community Bank offer?

OSB Community Bank offers deposit accounts, residential and commercial mortgages, construction loans, auto loans, and home equity lines of credit.

Where is OSB Community Bank headquartered?

OSB Community Bank is headquartered in Ottawa, Illinois.