Home Federal Bancorp, Inc. Of Louisiana Reveals Receipt Of Regulatory Approval For Dividend From Home Federal Bank And Approval Of Stock Repurchase Program
Benzinga Newsdesk 2 years ago
NewsDividendsBuybacks
Home Federal Bank had received regulatory approval for the payment of $10.0 million of dividends from the Bank to the Company. It is anticipated that the payment will be used for the Company's ongoing
Home Federal Bank had received regulatory approval for the payment of $10.0 million 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. 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