Hawthorn Bancshares Announces Cash and Stock Dividend

Rhea-AI Summary

Hawthorn Bancshares (NASDAQ: HWBK) announced a quarterly cash dividend of $0.12 per share, payable on July 1, 2020, to shareholders of record by June 15, 2020. This marks a continuation of its previous dividend rate. Additionally, the Board approved a special stock dividend of 4%, also payable on July 1, 2020, under the same conditions.

Positive

• Quarterly cash dividend of $0.12 per share reinforces shareholder value.
• Special stock dividend of 4% indicates confidence in future performance.

Negative

• None.

JEFFERSON CITY, Mo., May 06, 2020 (GLOBE NEWSWIRE) -- Hawthorn Bancshares of Jefferson City, MO (NASDAQ: HWBK) announced today that its Board of Directors approved a quarterly cash dividend of $0.12 per share payable July 1, 2020 to shareholders of record at the close of business on June 15, 2020.  This dividend payment is consistent with the previous quarterly rate. The Board also approved a special stock dividend of 4% payable July 1, 2020 to shareholders of record at the close of business on June 15, 2020.

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 additional locations in the Missouri communities of Lee's Summit, Liberty, Springfield, Independence, Columbia, Clinton, Osceola, Warsaw, Belton, Drexel, Harrisonville, California, St. Louis 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.

FAQ

What is the dividend amount for HWBK?

Hawthorn Bancshares announced a cash dividend of $0.12 per share.

When will the dividend for HWBK be paid?

The dividend will be paid on July 1, 2020.

When is the record date for the HWBK dividend?

The record date for the dividend is June 15, 2020.

What is the special stock dividend amount for HWBK?

The company also declared a special stock dividend of 4%.