Heartland Financial USA, Inc. (“HTLF”) Announces Common Stock and Series E Preferred Stock Dividends

Rhea-AI Summary

Heartland Financial USA, Inc. (NASDAQ: HTLF), operating as HTLF, has announced its latest dividend payments. The company's Board of Directors approved a quarterly cash dividend of $0.30 per share on common stock, payable on August 27, 2024, to stockholders of record as of August 13, 2024. Notably, HTLF has maintained or increased its common stock dividend every quarter for over 40 years.

Additionally, the Board approved a dividend of $175 for Series E Preferred Stock (NASDAQ: HTLFP), equating to $0.4375 per depositary share. This dividend will be paid on October 15, 2024, to stockholders of record as of September 30, 2024. These announcements demonstrate HTLF's commitment to providing consistent returns to its shareholders.

Positive

• Consistent quarterly cash dividend of $0.30 per share on common stock
• Maintained or increased common stock dividend for over 40 consecutive years
• $175 dividend on Series E Preferred Stock ($0.4375 per depositary share)

Negative

• None.

News Market Reaction

+1.22%

1 alert

+1.22% News Effect

On the day this news was published, HTLF gained 1.22%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

DENVER, July 25, 2024 (GLOBE NEWSWIRE) --

Common Stock Dividend
Heartland Financial USA, Inc. (NASDAQ: HTLF), operating under the brand name HTLF, announced its Board of Directors approved a quarterly cash dividend on common stock of $0.30 per share. The dividend is payable on August 27, 2024, to stockholders of record at the close of business on August 13, 2024.

HTLF has increased or maintained its common stock dividend every quarter for more than 40 years.

Series E Preferred Stock Dividend
The Board of Directors also approved a dividend of $175 for Series E Preferred Stock (NASDAQ: HTLFP), which results in a dividend of $0.4375 per depositary share. The dividend is payable on October 15, 2024, to stockholders of record at the close of business on September 30, 2024.

About HTLF
Heartland Financial USA, Inc., operating under the brand name HTLF, is a bank holding company with assets of $19.13 billion as of March 31, 2024. HTLF has banks serving communities in Arizona, California, Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, New Mexico, Texas and Wisconsin. HTLF is committed to its core commercial business, supported by a strong retail operation, and provides a diversified line of financial services including treasury management, wealth management, investments and residential mortgage. Additional information is available at www.htlf.com.

CONTACT:
Kevin L. Thompson
EVP, Chief Financial Officer
303-365-3813
kthompson@htlf.com

FAQ

What is the amount of HTLF's quarterly common stock dividend for 2024?

HTLF's quarterly cash dividend on common stock is $0.30 per share for 2024.

When will HTLF pay its next common stock dividend?

HTLF will pay its next common stock dividend on August 27, 2024, to stockholders of record as of August 13, 2024.

How long has HTLF maintained or increased its common stock dividend?

HTLF has maintained or increased its common stock dividend every quarter for more than 40 years.

What is the dividend amount for HTLF's Series E Preferred Stock?

The dividend for HTLF's Series E Preferred Stock is $175, which equates to $0.4375 per depositary share.

When is the payment date for HTLF's Series E Preferred Stock dividend?

The Series E Preferred Stock dividend will be paid on October 15, 2024, to stockholders of record as of September 30, 2024.