QCR Holdings, Inc. Announces a Cash Dividend of $0.06 Per Share

Rhea-AI Summary

On November 5, 2020, QCR Holdings, Inc. (NASDAQ: QCRH) announced a cash dividend of $0.06 per share, payable on January 6, 2021, for stockholders of record as of December 18, 2020. The company, based in Moline, Illinois, manages multi-bank operations across several communities, providing full-service banking and wealth management. As of September 30, 2020, QCR Holdings reported approximately $5.9 billion in assets, $4.2 billion in loans, and $4.7 billion in deposits.

Positive

• Declared cash dividend of $0.06 per share.
• Strong asset base of approximately $5.9 billion.

Negative

• None.

MOLINE, Ill., Nov. 06, 2020 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ: QCRH) today announced that on November 5, 2020 the Company’s board of directors declared a cash dividend of $0.06 per share payable on January 6, 2021, to holders of common stock of the Company of record on December 18, 2020.

About Us

QCR Holdings, Inc., headquartered in Moline, Illinois, is a relationship-driven, multi-bank holding company serving the Quad Cities, Cedar Rapids, Cedar Valley, Des Moines/Ankeny, and Springfield communities through its wholly-owned subsidiary banks. The banks provide full-service commercial and consumer banking and trust and wealth management services. Quad City Bank & Trust Company, based in Bettendorf, Iowa, commenced operations in 1994, Cedar Rapids Bank & Trust Company, based in Cedar Rapids, Iowa, commenced operations in 2001, Community State Bank, based in Ankeny, Iowa, was acquired by the Company in 2016, and Springfield First Community Bank, based in Springfield, Missouri, was acquired by the Company in 2018. Additionally, the Company serves the Waterloo/Cedar Falls, Iowa community through Community Bank & Trust, a division of Cedar Rapids Bank & Trust Company. Quad City Bank & Trust Company engages in commercial leasing through its wholly-owned subsidiary, m2 Lease Funds, LLC, based in Milwaukee, Wisconsin, and also provides correspondent banking services. The Company has 24 locations in Iowa, Missouri, Wisconsin and Illinois. As of September 30, 2020, the Company had approximately $5.9 billion in assets, $4.2 billion in loans and $4.7 billion in deposits. For additional information, please visit the Company’s website at www.qcrh.com.

Contacts:
Todd A. Gipple		Kim K. Garrett
President		Vice President, Corporate Communications
Chief Operating Officer		Investor Relations Manager
Chief Financial Officer		(319) 743-7006
(309) 743-7745		kgarrett@qcrh.com
tgipple@qcrh.com

FAQ

What is the dividend amount declared by QCR Holdings?

QCR Holdings declared a cash dividend of $0.06 per share.

When is the dividend payment date for QCRH?

The dividend payment date is January 6, 2021.

Who is eligible for the QCRH dividend?

Stockholders of record as of December 18, 2020, are eligible for the dividend.