HMN Financial, Inc. Declares Dividend
July 22 2008 - 11:30PM
Business Wire
HMN Financial, Inc. (HMN) (Nasdaq:HMNF) today announced that it was
maintaining its current dividend rate and its Board declared a
dividend of 25 cents per share payable on September 8, 2008 to
stockholders of record on August 25, 2008. HMN also announced today
that its Board has extended its stock repurchase program until
January 26, 2010; therefore, HMN is authorized to purchase up to
300,000 shares of its common stock from time to time in
transactions on the NASDAQ Market or otherwise. HMN has
approximately 4.2 million shares of common stock outstanding. HMN
Financial, Inc. and Home Federal are headquartered in Rochester,
Minnesota. Home Federal operates ten full service offices in
Minnesota located in Albert Lea, Austin, Eagan, La Crescent,
Rochester, Spring Valley and Winona, Minnesota and two full service
offices located in Marshalltown and Toledo, Iowa. Home Federal also
operates a loan origination office in Sartell, Minnesota. Home
Federal Private Banking operates branches in Edina and Rochester,
Minnesota.
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