OTTAWA BANCORP, INC. ANNOUNCES CASH DIVIDEND

Ottawa Bancorp, Inc. (OTCQX: OTTW) has declared a quarterly cash dividend of $0.10 per share, set to be paid on December 15, 2021, to shareholders of record as of December 1, 2021.

Rhea-AI Summary

Ottawa Bancorp, Inc. (OTCQX: OTTW) has declared a quarterly cash dividend of $0.10 per share, set to be paid on December 15, 2021, to shareholders of record as of December 1, 2021. This decision reflects the company's ongoing commitment to returning value to its investors. Ottawa Bancorp serves through its subsidiary, OSB Community Bank, which has operated since 1871, offering a variety of financial services including deposit accounts and loans for both individuals and businesses.

Positive

• Quarterly cash dividend of $0.10 per share highlights shareholder value.

Negative

• None.

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News Market Reaction – OTTW

In the trading session that priced this news, OTTW gained 1.32%, reflecting a mild positive market reaction.

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Ottawa, Ill., Nov. 17, 2021 (GLOBE NEWSWIRE) -- Ottawa Bancorp, Inc. (OTCQX: OTTW), the holding company for OSB Community Bank, announced today that its Board of Directors has declared a quarterly cash dividend of $0.10 per share, payable on or about December 15, 2021, to stockholders of record as of the close of business on December 1, 2021.   

Ottawa Bancorp, Inc. is the holding company for OSB Community Bank which provides various financial services to individual and corporate customers in the United States. The Bank offers various deposit accounts, including checking, money market, regular savings, club savings, certificate, and various retirement accounts. Its loan portfolio includes one-to-four family residential mortgage, multi-family and non-residential real estate, commercial, and construction loans as well as auto loans and home equity lines of credit. OSB Community Bank was founded in 1871 and is headquartered in Ottawa, Illinois. For more information about the Company and the Bank, please visit www.myosb.bank.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount declared by Ottawa Bancorp (OTTW)?

Ottawa Bancorp declared a quarterly cash dividend of $0.10 per share.

When will the dividend be paid to shareholders of Ottawa Bancorp (OTTW)?

The dividend will be paid on December 15, 2021.

Who is eligible to receive the dividend from Ottawa Bancorp (OTTW)?

Shareholders of record as of December 1, 2021, are eligible for the dividend.

How often does Ottawa Bancorp (OTTW) pay dividends?

Ottawa Bancorp pays dividends quarterly.