HMN Financial, Inc. operates as a bank holding company for Home Federal Savings Bank that provides various retail banking products and services. The company offers various deposit accounts, such as savings, interest bearing checking, non-interest bearing checking, money market, and certificate accounts. Its loan products include single family residential loans; commercial real estate and multi-family mortgage loans; construction loans; consumer loans, such as home equity, automobile, recreational vehicle, mobile home, and lot loans, as well as loans secured by deposit accounts, and other loans for household and personal purposes; and commercial business loans. The company offers financial planning products and services; and invests in mortgage-backed and related securities, the United States government agency obligations, and other permissible investments. It operates through 14 full service branches located in Minnesota, Wisconsin, and Iowa; and two loan origination offices in Sartell, Minnesota and La Crosse, Wisconsin. HMN Financial, Inc. was founded in 1934 and is headquartered in Rochester, Minnesota.
HMN Financial Dividend Announcement
• HMN Financial announced a quarterly dividend of $0.10 per ordinary share which will be made payable on 2024-09-09. Ex dividend date: 2024-08-16
• HMN Financial annual dividend for 2024 was $0.28
• HMN Financial annual dividend for 2023 was $0.30
• HMN Financial's trailing twelve-month (TTM) dividend yield is 1.29%
• HMN Financial's payout ratio for the trailing twelve months (TTM) is 28.27%
HMN Financial Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-16 | $0.10 | quarterly | 2024-09-09 |
2024-05-16 | $0.10 | quarterly | 2024-06-07 |
2024-02-12 | $0.08 | quarterly | 2024-03-06 |
2023-11-15 | $0.08 | quarterly | 2023-12-07 |
2023-08-15 | $0.08 | quarterly | 2023-09-07 |
2023-05-16 | $0.08 | quarterly | 2023-06-07 |
2023-02-14 | $0.06 | quarterly | 2023-03-08 |
2022-11-14 | $0.06 | quarterly | 2022-12-06 |
2022-08-15 | $0.06 | quarterly | 2022-09-07 |
2022-05-16 | $0.06 | quarterly | 2022-06-07 |
2022-02-15 | $0.06 | quarterly | 2022-03-09 |
2008-08-21 | $0.25 | quarterly | 2008-09-08 |
2008-05-14 | $0.25 | quarterly | 2008-06-06 |
2008-02-13 | $0.25 | quarterly | 2008-03-07 |
2007-11-20 | $0.25 | quarterly | 2007-12-12 |
2007-08-22 | $0.25 | quarterly | 2007-09-07 |
2007-05-16 | $0.25 | quarterly | 2007-06-07 |
2007-02-14 | $0.25 | quarterly | 2007-03-07 |
2006-11-21 | $0.25 | quarterly | 2006-12-13 |
2006-08-23 | $0.25 | quarterly | 2006-09-08 |
2006-05-17 | $0.24 | quarterly | 2006-06-07 |
2006-02-15 | $0.24 | quarterly | 2006-03-07 |
2005-11-22 | $0.24 | quarterly | 2005-12-14 |
2005-08-24 | $0.24 | quarterly | 2005-09-09 |
2005-05-18 | $0.22 | quarterly | 2005-06-08 |
2005-02-16 | $0.22 | quarterly | 2005-03-07 |
2004-11-23 | $0.22 | quarterly | 2004-12-15 |
2004-08-25 | $0.22 | quarterly | 2004-09-10 |
2004-05-19 | $0.20 | quarterly | 2004-06-08 |
2004-02-18 | $0.20 | quarterly | 2004-03-08 |
2003-11-25 | $0.20 | quarterly | 2003-12-17 |
2003-08-26 | $0.20 | quarterly | 2003-09-11 |
2003-05-20 | $0.18 | quarterly | 2003-06-09 |
2003-02-19 | $0.18 | quarterly | 2003-03-07 |
2002-11-20 | $0.18 | quarterly | 2002-12-11 |
2002-08-23 | $0.18 | quarterly | 2002-09-10 |
2002-05-21 | $0.18 | quarterly | 2002-06-10 |
2002-02-19 | $0.14 | quarterly | 2002-03-07 |
2001-11-20 | $0.14 | quarterly | 2001-12-12 |
2001-08-24 | $0.14 | quarterly | 2001-09-11 |
2001-05-22 | $0.12 | quarterly | 2001-06-11 |
2001-02-20 | $0.12 | quarterly | 2001-03-08 |
2000-11-20 | $0.12 | quarterly | 2000-12-11 |
2000-08-24 | $0.12 | quarterly | 2000-09-11 |
2000-05-23 | $0.10 | quarterly | 2000-06-12 |
2000-02-22 | $0.10 | quarterly | 2000-03-10 |
HMN Financial Dividend per year
HMN Financial Dividend growth
HMN Financial Dividend Yield
HMN Financial current trailing twelve-month (TTM) dividend yield is 1.29%. Interested in purchasing HMN Financial stock? Use our calculator to estimate your expected dividend yield:
HMN Financial Financial Ratios
HMN Financial Dividend FAQ
Other factors to consider when evaluating HMN Financial 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: HMN Financial'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, HMN Financial 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, HMN Financial 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 HMN Financial 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: HMN Financial 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, HMN Financial distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: HMN Financial 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 HMN Financial'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 HMN Financial'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.