Horizon Bancorp Announces a 10.0% Quarterly Dividend Increase
23 December 2016 - 4:57AM
Business Wire
Horizon Bancorp (NASDAQ: HBNC) announced today that its Board of
Directors has approved an increase in its quarterly dividend from
10 cents to 11 cents per share. This represents a 10.0% increase
and a dividend yield of 1.58% based on the price per share of
$27.91 as of the close of business on December 21, 2016. The
dividend will be paid on January 20, 2017 to shareholders of record
on January 6, 2017.
About Horizon
Horizon Bancorp is an independent, commercial bank holding
company serving northern and central Indiana and southwest and
central Michigan through its commercial banking subsidiary Horizon
Bank, NA. Horizon also offers mortgage-banking services throughout
the Midwest. Horizon Bancorp may be reached online at
www.horizonbank.com. Its common stock is traded on the NASDAQ
Global Select Market under the symbol HBNC.
Forward Looking Statements
This press release may contain forward-looking statements
regarding the financial performance, business prospects, and growth
and operating strategies of Horizon. For these statements, Horizon
claims the protections of the safe harbor for forward-looking
statements contained in the Private Securities Litigation Reform
Act of 1995. Statements in this press release should be considered
in conjunction with the other information available about Horizon,
including the information in the filings we make with the
Securities and Exchange Commission. Forward-looking statements
provide current expectations or forecasts of future events and are
not guarantees of future performance. The forward-looking
statements are based on management’s expectations and are subject
to a number of risks and uncertainties. We have tried, wherever
possible, to identify such statements by using words such as
“anticipate,” “estimate,” “project,” “intend,” “plan,” “believe,”
“will” and similar expressions in connection with any discussion of
future operating or financial performance. Although management
believes that the expectations reflected in such forward-looking
statements are reasonable, actual results may differ materially
from those expressed or implied in such statements. Risks and
uncertainties that could cause actual results to differ materially
include risk factors relating to the banking industry and the other
factors detailed from time to time in Horizon’s reports filed with
the Securities and Exchange Commission, including those described
in its Form 10-K. Undue reliance should not be placed on the
forward-looking statements, which speak only as of the date hereof.
Horizon does not undertake, and specifically disclaims any
obligation, to publicly release the result of any revisions that
may be made to update any forward-looking statement to reflect the
events or circumstances after the date on which the forward-looking
statement is made, or reflect the occurrence of unanticipated
events, except to the extent required by law.
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version on businesswire.com: http://www.businesswire.com/news/home/20161222005619/en/
Horizon BancorpMark E. SecorChief Financial Officer(219)
873-2611Fax: (219) 874-9280
Horizon Bancorp (NASDAQ:HBNC)
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