OTTAWA BANCORP, INC. ANNOUNCES CASH DIVIDEND
OTTAWA, Ill., May 20, 2020 – Ottawa Bancorp, Inc. (NasdaqCM: OTTW) has announced a quarterly cash dividend of $0.08 per share.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
OTTAWA, Ill., May 20, 2020 – Ottawa Bancorp, Inc. (NasdaqCM: OTTW) has announced a quarterly cash dividend of $0.08 per share. This dividend is set to be payable on or about June 17, 2020, to shareholders on record by the close of business on June 3, 2020. The company is the holding entity for Ottawa Savings Bank, FSB, which provides a range of financial services including various deposit accounts and loans for individuals and corporations.
Positive
- Quarterly cash dividend of $0.08 per share indicates stable income for shareholders.
- Payment date of June 17, 2020, shows commitment to returning value to investors.
Negative
- None.
Details
News Market Reaction – OTTW
The recorded move for OTTW in the trading session of this news was -2.38%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
OTTAWA, Ill., May 20, 2020 (GLOBE NEWSWIRE) -- May 20, 2020 – Ottawa Bancorp, Inc. (NasdaqCM: OTTW), the holding company for Ottawa Savings Bank FSB, announced today that its Board of Directors has declared a quarterly cash dividend of
Ottawa Bancorp, Inc. is the holding company for Ottawa Savings Bank, FSB 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. Ottawa Savings Bank, FSB was founded in 1871 and is headquartered in Ottawa, Illinois. For more information about the Company and the Bank, please visit www.ottawasavings.com.
Contact: Craig Hepner President and Chief Executive Officer (815) 366-5437
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