Horizon Bancorp (HBNC) Raises Quarterly Dividend 8.3% to $0.13; 2.7% Yield
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Horizon Bancorp, Inc. Increases Quarterly Dividend by 8.3% to $0.13 per Share
March 17, 2021 4:35 PM EDTMICHIGAN CITY, Ind., March 17, 2021 (GLOBE NEWSWIRE) -- Horizon Bancorp, Inc. (NASDAQ GS: HBNC) announced that its Board of Directors approved an 8.3% increase in its quarterly cash dividend from $0.12 to $0.13 per share.
The increase is effective with the companys next quarterly dividend, payable on April 16, 2021 to common stockholders of record as of April 2, 2021.
We believe Horizon's balance sheet strength, operating discipline and efficiency, credit expectations, and longterm growth opportunities in attractive Midwest markets support the companys eighth dividend increase over the last 10 years, Chairman and CEO Craig M.... More
