Home Federal Bancorp, Inc. of Louisiana, the holding company for Home Federal Bank, announced an increase in quarterly cash dividend.
Its Board of Directors declared an increase of 33.3% in the quarterly cash dividend to $0.12 per share on the Company’s common stock at their meeting on July 12.
The dividend is payable on August 7 to the shareholders of record at the close of business on July 24, 2017.
James R. Barlow, president and CEO, said, “This fourth annual increase in our dividend rate, and 49th consecutive quarterly cash dividend since the Company’s initial public offering in 2005, reflects our continued commitment to creating value for our shareholders and confidence in the financial strength and long-term prospects for our Company. Based on our earnings for the quarter ended March 31, 2017, the increase in our quarterly dividend rate reflects a payout ratio of approximately 25%.”
Home Federal Bancorp, Inc. of Louisiana is the holding company for Home Federal Bank which conducts business from its six full-service banking offices and home office in northwest Louisiana. Additional information is available at www.hfbla.com.