HMN Financial, Inc. Announces Dividend

Rhea-AI Summary

HMN Financial, Inc. (Nasdaq: HMNF) has announced a quarterly dividend of $0.10 per share of common stock. The dividend will be payable on September 9, 2024 to stockholders of record as of August 16, 2024. HMN Financial and its subsidiary, Home Federal Savings Bank, are headquartered in Rochester, Minnesota. The Bank operates twelve full service offices in Minnesota, one in Marshalltown, Iowa, and one in Pewaukee, Wisconsin. Additionally, it has a loan origination office in La Crosse, Wisconsin. The company's Board of Directors retains sole discretion over future cash dividends, considering factors such as financial condition, capital requirements, and business strategy.

Positive

• Declared quarterly dividend of $0.10 per share
• Consistent dividend payment indicates financial stability
• Extensive network of 14 full service offices across three states

Negative

• None.

ROCHESTER, Minn., July 24, 2024 (GLOBE NEWSWIRE) -- HMN Financial, Inc. (HMN or the Company) (Nasdaq:HMNF) today announced that its Board of Directors has declared a quarterly dividend of $0.10 per share of common stock, payable on September 9, 2024 to stockholders of record at the close of business on August 16, 2024. The declaration and amount of any future cash dividends remains subject to the sole discretion of the Board of Directors and will depend upon many factors, including the Company’s results of operations, financial condition, capital requirements, regulatory and contractual restrictions, business strategy and other factors deemed relevant by the Board of Directors.

General Information
HMN and Home Federal Savings Bank (the Bank) are headquartered in Rochester, Minnesota. The Bank operates twelve full service offices in Minnesota located in Albert Lea, Austin, Eagan, Kasson, La Crescent, Owatonna, Rochester (4), Spring Valley and Winona, one full service office in Marshalltown, Iowa, and one full service office in Pewaukee, Wisconsin. The Bank also operates a loan origination office located in La Crosse, Wisconsin.

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FAQ

What is the dividend amount announced by HMN Financial (HMNF) for Q3 2024?

HMN Financial (HMNF) has announced a quarterly dividend of $0.10 per share of common stock for Q3 2024.

When is the dividend payable for HMN Financial (HMNF) shareholders?

The dividend is payable on September 9, 2024 to stockholders of record at the close of business on August 16, 2024.

How many full service offices does HMN Financial (HMNF) operate?

HMN Financial (HMNF) operates twelve full service offices in Minnesota, one in Iowa, and one in Wisconsin, totaling 14 full service offices.

Where is HMN Financial (HMNF) headquartered?

HMN Financial (HMNF) and its subsidiary, Home Federal Savings Bank, are headquartered in Rochester, Minnesota.