Home Federal Bancorp, Inc. of Louisiana Announces Increase in the Quarterly Cash Dividend to $0.165 Per Share
July 22 2020 - 4:30PM
Home Federal Bancorp, Inc. of Louisiana (the “Company”) (NASDAQ:
HFBL) the holding company for Home Federal Bank announced today
that its Board of Directors at their meeting on July 22, 2020,
declared an increase in the quarterly cash dividend to $0.165 per
share on the Company’s common stock. The dividend is payable on
August 17, 2020, to the shareholders of record at the close of
business on August 3, 2020.
James R. Barlow, President and Chief Executive
Officer, stated, “This seventh annual increase in our dividend
rate, and 61st consecutive quarterly cash dividend, reflects our
continued commitment to creating value for our shareholders and
confidence in the financial strength and long-term prospects for
our Company. This represents a 3.125% increase in the
dividend rate and, based on our earnings for the quarter ended
March 31, 2020, the increase reflects a payout ratio of
approximately 30%.”
Home Federal Bancorp, Inc. of Louisiana is the
holding company for Home Federal Bank which conducts business from
its seven full-service banking offices and home office in northwest
Louisiana. 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 LouisianaJames R. Barlow, Chairman of
the Board, President and Chief Executive Officer(318)
222-1145 |
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