Hills Bancorporation operates as the bank holding company for Hills Bank and Trust Company that provides commercial banking services to individuals, businesses, governmental units, and institutional customers. The company accepts various deposits, such as demand, savings, and time deposits. Its loan products include real estate loans comprising mortgage and construction loans; commercial and financial loans; agricultural loans; and personal, automobile, installment, and other consumer loans. The company also maintains night and safe deposit facilities; and provides collection, exchange, and other banking services. In addition, it administers estates, personal trusts, and pension plans; offers farm management, investment advisory, and custodial services for individuals, corporations, and nonprofit organizations; and originates mortgages that are sold in the secondary residential real estate market without mortgage servicing rights being retained. The company operates through its main office and its 18 full service branches in the Iowa counties of Johnson, Linn, and Washington. Hills Bancorporation was founded in 1904 and is headquartered in Hills, Iowa.
Hills Bancorporation Dividend Announcement
• Hills Bancorporation announced a annually dividend of $1.10 per ordinary share which will be made payable on 2024-01-12. Ex dividend date: 2024-01-04
• Hills Bancorporation annual dividend for 2024 was $1.10
• Hills Bancorporation annual dividend for 2023 was $1.05
• Hills Bancorporation's trailing twelve-month (TTM) dividend yield is 1.54%
• Hills Bancorporation's payout ratio for the trailing twelve months (TTM) is 23.12%
Hills Bancorporation Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-01-04 | $1.10 | annually | 2024-01-12 |
2023-01-05 | $1.05 | annually | 2023-01-13 |
2022-01-06 | $1.00 | annually | 2022-01-14 |
2021-01-07 | $0.94 | annually | 2021-01-15 |
2020-01-09 | $0.89 | annually | |
2019-01-09 | $0.89 | annually | 2019-01-17 |
Hills Bancorporation Dividend per year
Hills Bancorporation Dividend growth
Hills Bancorporation Dividend Yield
Hills Bancorporation current trailing twelve-month (TTM) dividend yield is 1.54%. Interested in purchasing Hills Bancorporation stock? Use our calculator to estimate your expected dividend yield:
Hills Bancorporation Financial Ratios
Hills Bancorporation Dividend FAQ
Other factors to consider when evaluating Hills Bancorporation 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.
Place an order: Use the brokerage's trading platform to place an order to buy Hills Bancorporation stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
1. Determination of Dividend: Hills Bancorporation'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, Hills Bancorporation 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, Hills Bancorporation 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 Hills Bancorporation 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: Hills Bancorporation 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, Hills Bancorporation distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Hills Bancorporation 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 Hills Bancorporation'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 Hills Bancorporation'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.