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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 1.61%
• Hills Bancorporation's payout ratio for the trailing twelve months (TTM) is 26.07%

Hills Bancorporation Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-01-04$1.10annually2024-01-12
2023-01-05$1.05annually2023-01-13
2021-01-07$0.94annually2021-01-15

Hills Bancorporation Dividend per year

Hills Bancorporation Dividend Yield

Hills Bancorporation current trailing twelve-month (TTM) dividend yield is 1.61%. Interested in purchasing Hills Bancorporation stock? Use our calculator to estimate your expected dividend yield:

Hills Bancorporation Financial Ratios

P/E ratio16.07
PEG ratio1.15
P/B ratio1.19
ROE7.57%
Payout ratio26.07%
Current ratio0.06
Quick ratio0.94
Cash Ratio0.04

Hills Bancorporation Dividend FAQ

Does Hills Bancorporation stock pay dividends?
Hills Bancorporation does not currently pay dividends to its shareholders.
Has Hills Bancorporation ever paid a dividend?
No, Hills Bancorporation has no a history of paying dividends to its shareholders. Hills Bancorporation is not known for its dividend payments.
Why doesn't Hills Bancorporation pay dividends?
There are several potential reasons why Hills Bancorporation would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Hills Bancorporation ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Hills Bancorporation has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Hills Bancorporation a dividend aristocrat?
Hills Bancorporation is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Hills Bancorporation a dividend king?
Hills Bancorporation is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Hills Bancorporation a dividend stock?
No, Hills Bancorporation is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Hills Bancorporation stocks?
To buy Hills Bancorporation you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

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.