Home Federal Bancorp, Inc. of Louisiana Announces Increase in the Quarterly Cash Dividend to $0.16 per Share
11 July 2019 - 6:30AM
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 10, 2019,
declared an increase in the quarterly cash dividend to $0.16 per
share on the Company’s common stock. The dividend is payable on
August 5, 2019, to the shareholders of record at the close of
business on July 22, 2019.
James R. Barlow, President and Chief Executive
Officer, stated, “This sixth annual increase in our dividend rate,
and 57th 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 14.3% increase in the dividend rate
and, based on our earnings for the quarter ended March 31, 2019,
the increase reflects a payout ratio of approximately 25%.”
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.
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Contact: |
Home Federal Bancorp, Inc. of LouisianaJames R. Barlow, President
and Chief Executive Officer(318) 222-1145 |
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