Home Federal Bancorp received regulatory approval for the payment of $10.0M of dividends from the Bank to the company. It is anticipated that the payment will be used for the company’s ongoing operations, as well as fund stock repurchases and dividends to shareholders. The Bank anticipates paying the dividend in four installments over four quarters in 2024. In addition, its Board of Directors approved the company’s twelfth stock repurchase program. The new repurchase program provides for the repurchase of up to 60,000 shares, or approximately 2.0% of the company’s outstanding common stock from time to time, in open market or privately negotiated transactions. The stock repurchase program does not have an expiration date.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on HFBL:
- Home Federal Bancorp, Inc. of Louisiana Announces Receipt of Regulatory Approval for Dividend from Home Federal Bank and Approval of Stock Repurchase Program
- Home Federal Bancorp Executives Transition to Part-Time Roles
- HOME FEDERAL BANCORP, INC. OF LOUISIANA REPORTS RESULTS OF OPERATIONS FOR THE THREE AND SIX MONTHS ENDED DECEMBER 31, 2023
- Ex-Dividend Date Nearing for These 10 Stocks – Week of January 22, 2024
- Home Federal Bancorp Announces Quarterly Cash Dividend
