First Ottawa Bancshares, Inc. operates as the bank holding company for American Commercial Bank & Trust, National Association that provides a range of banking and financial services to individual and corporate customers in LaSalle, Grundy, Cook, and surrounding counties in Illinois. The company offers personal banking services, including checking and savings accounts; interest bearing and noninterest bearing demand deposits; time deposits; certificates of deposit and individual retirement accounts; mortgage loans; consumer loans; trust and estate services; personal and fiduciary services; safe deposit boxes; ATM and credit cards; and online banking, bill payment, and mobile banking services. It also provides business banking services, such as e-business checking accounts; commercial checking accounts; commercial checking now accounts; deposit sweep and cash management balance accounts; commercial savings accounts; commercial money market accounts; non-profit now accounts; cash management; commercial lines of credit, commercial loans, commercial construction and development loans, real estate loans, and letters of credit; and agriculture loans and farm management services. In addition, the company offers home equity loans and residential loans. First Ottawa Bancshares, Inc. was founded in 1865 and is based in Ottawa, Illinois.
First Ottawa Bancshares Dividend Announcement
• First Ottawa Bancshares announced a semi annually dividend of $0.75 per ordinary share which will be made payable on 2025-01-02. Ex dividend date: 2024-12-02
• First Ottawa Bancshares annual dividend for 2024 was $1.50
• First Ottawa Bancshares annual dividend for 2023 was $1.50
• First Ottawa Bancshares's trailing twelve-month (TTM) dividend yield is 1.25%
• First Ottawa Bancshares's dividend growth over the last five years (2018-2023) was 14.87% year
First Ottawa Bancshares Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-02 | $0.75 | semi annually | 2025-01-02 |
2024-05-31 | $0.75 | semi annually | 2024-07-01 |
2023-11-30 | $0.75 | semi annually | 2024-01-01 |
2023-05-31 | $0.75 | semi annually | 2023-07-01 |
2022-11-30 | $0.75 | semi annually | 2023-01-02 |
2022-05-31 | $0.75 | semi annually | 2022-07-01 |
2021-11-30 | $0.75 | semi annually | 2022-01-01 |
2021-05-28 | $0.75 | semi annually | 2021-07-01 |
2020-11-30 | $0.75 | semi annually | 2021-01-01 |
2020-05-29 | $0.75 | semi annually | 2020-07-01 |
2019-11-27 | $0.75 | semi annually | 2020-01-01 |
2019-05-30 | $0.75 | semi annually | 2019-07-01 |
2018-05-31 | $0.75 | semi annually |
First Ottawa Bancshares Dividend per year
First Ottawa Bancshares Dividend growth
First Ottawa Bancshares Dividend Yield
First Ottawa Bancshares current trailing twelve-month (TTM) dividend yield is 1.25%. Interested in purchasing First Ottawa Bancshares stock? Use our calculator to estimate your expected dividend yield:
First Ottawa Bancshares Financial Ratios
First Ottawa Bancshares Dividend FAQ
Other factors to consider when evaluating First Ottawa Bancshares as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: First Ottawa Bancshares's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, First Ottawa Bancshares publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, First Ottawa Bancshares distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from First Ottawa Bancshares are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: First Ottawa Bancshares sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, First Ottawa Bancshares distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: First Ottawa Bancshares declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of First Ottawa Bancshares's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review First Ottawa Bancshares's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.