Hawthorn Bancshares Announces Increased Cash Dividend
11 November 2016 - 8:30AM
Business Wire
Hawthorn Bancshares of Jefferson City, MO (NASDAQ: HWBK)
announced today that its Board of Directors approved an increase in
the quarterly cash dividend of $0.01 per share, or 20%, for a total
of $0.06 per share payable January 1, 2017 to shareholders of
record at the close of business on December 15, 2016. Chairman
David T. Turner stated, “Hawthorn has experienced continuous
earnings improvement over the last several years and capital
adequacy ratios have far exceeded regulatory minimums. During this
time, the Company has maintained the annual dividend rate at $0.20
per share but now believes it is time to increase the return to our
shareholders. As a result, the Board of Directors approved
increasing the current quarterly dividend to $0.06 per share.”
About Hawthorn Bancshares
Hawthorn Bancshares, Inc., a financial-bank holding company
headquartered in Jefferson City, Missouri, is the parent company of
Hawthorn Bank of Jefferson City, Missouri with locations in the
Missouri communities of Lee's Summit, Liberty, Springfield,
Branson, Independence, Columbia, Clinton, Windsor, Collins,
Osceola, Warsaw, Belton, Drexel, Harrisonville, California and St.
Robert, Missouri.
Statements made in this press release that suggest Hawthorn
Bancshares' or management's intentions, hopes, beliefs,
expectations, or predictions of the future include "forward-looking
statements" within the meaning of Section 21E of the Securities and
Exchange Act of 1934, as amended. It is important to note that
actual results could differ materially from those projected in such
forward-looking statements. Additional information concerning
factors that could cause actual results to differ materially from
those projected in such forward-looking statements is contained
from time to time in the company's quarterly and annual reports
filed with the Securities and Exchange Commission.
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version on businesswire.com: http://www.businesswire.com/news/home/20161110006570/en/
Hawthorn BancsharesBruce Phelps, 573-761-6100Chief
Financial OfficerFAX: 573-761-6272www.HawthornBancshares.com
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