Home Federal Bancorp, Inc. of Louisiana Announces Declaration of Quarterly Cash Dividend and Approval of Stock Repurchase Pro...
January 08 2014 - 4:30PM
Home Federal Bancorp, Inc. of Louisiana (Nasdaq:HFBL) announced
today that its Board of Directors at their meeting on January 8,
2014, declared a quarterly cash dividend of $.06 per share on the
common stock of Home Federal Bancorp, Inc. of Louisiana. The
dividend is payable on February 3, 2014, to the shareholders of
record at the close of business on January 20, 2014.
The Company also announced today that its Board of Directors
approved the Company's fourth stock repurchase program to commence
after completion of the third stock repurchase program. The new
repurchase program provides for the repurchase of up to 115,000
shares, or approximately 5.0% of the Company's outstanding common
stock, from time to time, in open market or privately negotiated
transactions. The Company repurchased 97,810 shares of its common
stock during the quarter ended December 31, 2013 at an average
price per share of $17.36. As of the date hereof, there are a total
of 9,455 shares remaining for repurchase under the third repurchase
program.
Home Federal Bancorp, Inc. of Louisiana is the holding company
for Home Federal Bank which conducts business from its four
full-service banking offices and one commercial lending agency
office in northwest Louisiana. Home Federal is a full-service bank
committed to providing an unparalleled level of personal service
while helping customers meet all their financial needs. Additional
information is available at www.hfbla.com.
Statements contained in this news release which are not
historical facts may be forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements can be identified by the fact that they
do not relate strictly to historical or current facts. They often
include words like "believe," "expect," "anticipate," "estimate"
and "intend" or future or conditional verbs such as "will,"
"would," "should," "could" or "may." We undertake no obligation to
update any forward-looking statements.
CONTACT: Home Federal Bancorp, Inc. of Louisiana
James R. Barlow, President and Chief Operating Officer
Dawn F. Williams, Vice President
318.841.1170
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