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

Rhea-AI Summary

HTLF, operating under the brand name Heartland Financial USA, Inc., has announced a quarterly cash dividend on common stock of $0.30 per share, payable on February 27, 2024. The Board of Directors also approved a dividend of $175 for Series E Preferred Stock, resulting in a dividend of $0.4375 per depositary share, payable on April 15, 2024. HTLF has consistently increased or maintained its common stock dividend every quarter for over 40 years.

Financial Analyst

The announcement by Heartland Financial USA, Inc. regarding the approval of a quarterly cash dividend on common stock of $0.30 per share reflects a strong commitment to shareholder returns. This action, particularly given the company's history of increasing or maintaining dividends for over four decades, signals a stable financial position and a reliable income stream for investors. It is important to note the consistency of dividend payouts as it often correlates with a company's cash flow robustness and management's confidence in ongoing profitability.

Analysts often consider such dividend declarations as indicators of a company's financial health. The ability to sustain and potentially increase dividends over a long period suggests a resilient business model and effective capital allocation strategies. This can positively influence investor sentiment and potentially bolster the stock's value as it attracts income-focused shareholders.

Market Research Analyst

From a market research perspective, the dividend announcement can be seen as a strategic move to maintain investor interest and confidence in HTLF amidst market conditions. Dividends are a tangible return on investment and in sectors such as financial services, where HTLF operates, they can be a differentiating factor in investment decisions. The declared dividend for the Series E Preferred Stock, translating to $0.4375 per depositary share, further diversifies the options for income investors, potentially enhancing the appeal of HTLF's investment profile.

It's also essential to consider the broader market implications of such dividends. In a low-interest-rate environment, for example, stocks with reliable dividends become more attractive as they offer better yield prospects compared to traditional fixed-income investments. This can lead to increased demand for HTLF's shares, potentially driving up the price and positively impacting the market capitalization of the company.

DENVER, Jan. 24, 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 February 27, 2024, to stockholders of record at the close of business on February 12, 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 April 15, 2024, to stockholders of record at the close of business on March 31, 2024.

About HTLF

Heartland Financial USA, Inc., is a Denver, Colorado-based bank holding company operating under the brand name HTLF, with assets of $20.13 billion as of September 30, 2023. HTLF's banks serve communities in Arizona, California, Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Montana, 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 and investments. Additional information is available at www.htlf.com.

CONTACT:

Kevin L. Thompson

EVP, Chief Financial Officer

303-365-3813

kthompson@htlf.com

What is the dividend amount for common stock of HTLF?

The dividend amount for common stock of HTLF is $0.30 per share.

When is the dividend payable for common stock of HTLF?

The dividend for common stock of HTLF is payable on February 27, 2024.

How long has HTLF been increasing or maintaining its common stock dividend?

HTLF has been increasing or maintaining its common stock dividend every quarter for over 40 years.

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

The dividend amount for Series E Preferred Stock of HTLF is $0.4375 per depositary share.

When is the dividend payable for Series E Preferred Stock of HTLF?

The dividend for Series E Preferred Stock of HTLF is payable on April 15, 2024.