Ottawa Bancorp, Inc. operates as the holding company for Ottawa Savings Bank, a savings bank that provides various financial services to individual and corporate customers in Illinois. The company's deposit products include saving, checking, money market, and interest-bearing accounts, as well as certificate of deposit. Its loan portfolio comprises commercial, non-residential real estate, one-to-four family residential, multi-family residential, consumer direct, and purchased auto loans; motor vehicle, home improvement, share, and personal unsecured loans, as well as home equity and small personal credit lines; and student loans. The company also provides cash management solutions, such as remote deposit capture, automated clearing house/payroll direct deposit, and merchant services, as well as commercial leasing services. In addition, it offers notary, lamination, night depository, document faxing, money gift envelopes, gift and travel cards, and coin counting, as well as debit and credit cards, and digital banking services. The company was formerly known as Ottawa Savings Bancorp, Inc. and changed its name to Ottawa Bancorp, Inc. in October 2016. Ottawa Bancorp, Inc. was founded in 1871 and is based in Ottawa, Illinois.
Ottawa Bancorp Dividend Announcement
• Ottawa Bancorp announced a quarterly dividend of $0.11 per ordinary share which will be made payable on 2024-09-18. Ex dividend date: 2024-09-04
• Ottawa Bancorp annual dividend for 2024 was $0.33
• Ottawa Bancorp annual dividend for 2023 was $0.44
• Ottawa Bancorp's trailing twelve-month (TTM) dividend yield is 3.02%
• Ottawa Bancorp's dividend growth over the last five years (2018-2023) was 10.67% year
Ottawa Bancorp Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-04 | $0.11 | quarterly | 2024-09-18 |
2024-05-29 | $0.11 | quarterly | |
2024-03-05 | $0.11 | quarterly | 2024-03-20 |
2023-12-01 | $0.11 | quarterly | 2023-12-18 |
2023-09-05 | $0.11 | quarterly | 2023-09-20 |
2023-05-30 | $0.11 | quarterly | 2023-06-14 |
2023-02-28 | $0.11 | quarterly | 2023-03-15 |
2022-11-29 | $0.11 | quarterly | 2022-12-14 |
2022-08-30 | $0.11 | quarterly | 2022-09-14 |
2022-05-31 | $0.11 | quarterly | 2022-06-15 |
2022-03-01 | $0.11 | quarterly | 2022-03-16 |
2021-11-30 | $0.10 | quarterly | 2021-12-15 |
2021-08-31 | $0.10 | quarterly | 2021-09-15 |
2021-06-01 | $0.10 | quarterly | 2021-06-16 |
2021-03-02 | $0.35 | quarterly | 2021-03-17 |
2020-12-01 | $0.08 | quarterly | 2020-12-16 |
2020-09-01 | $0.08 | quarterly | 2020-09-16 |
2020-06-02 | $0.08 | quarterly | 2020-06-17 |
2020-03-03 | $0.35 | quarterly | 2020-03-18 |
2019-12-03 | $0.06 | quarterly | 2019-12-19 |
2019-09-03 | $0.06 | quarterly | 2019-09-18 |
2019-05-28 | $0.06 | quarterly | 2019-06-12 |
2019-03-29 | $0.35 | quarterly | 2019-04-12 |
2019-03-07 | $0.06 | quarterly | 2019-03-28 |
2018-11-27 | $0.05 | quarterly | 2018-12-12 |
2018-08-28 | $0.05 | quarterly | 2018-09-12 |
2018-05-29 | $0.05 | quarterly | 2018-06-13 |
2018-03-23 | $0.12 | quarterly | 2018-04-05 |
2017-11-28 | $0.04 | quarterly | 2017-12-13 |
2017-08-28 | $0.04 | quarterly | 2017-09-13 |
2017-05-26 | $0.04 | quarterly | 2017-06-14 |
2017-02-24 | $0.04 | quarterly | 2017-03-15 |
2011-06-16 | $0.04 | quarterly | |
2011-03-11 | $0.04 | quarterly | |
2010-11-30 | $0.04 | quarterly | |
2010-08-31 | $0.04 | quarterly | |
2010-06-01 | $0.04 | quarterly | |
2010-03-02 | $0.04 | quarterly | |
2009-11-25 | $0.04 | quarterly | |
2009-09-08 | $0.04 | quarterly | |
2009-06-02 | $0.04 | quarterly | |
2009-03-04 | $0.04 | quarterly | |
2008-12-03 | $0.04 | quarterly | |
2008-09-02 | $0.04 | quarterly | |
2008-06-05 | $0.04 | quarterly | |
2008-03-03 | $0.04 | quarterly |
Ottawa Bancorp Dividend per year
Ottawa Bancorp Dividend growth
Ottawa Bancorp Dividend Yield
Ottawa Bancorp current trailing twelve-month (TTM) dividend yield is 3.02%. Interested in purchasing Ottawa Bancorp stock? Use our calculator to estimate your expected dividend yield:
Ottawa Bancorp Financial Ratios
Ottawa Bancorp Dividend FAQ
Other factors to consider when evaluating Ottawa Bancorp 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: Ottawa Bancorp'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, Ottawa Bancorp 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, Ottawa Bancorp 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 Ottawa Bancorp 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: Ottawa Bancorp 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, Ottawa Bancorp distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Ottawa Bancorp 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 Ottawa Bancorp'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 Ottawa Bancorp'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.