Heartland Financial USA, Inc. (NASDAQ:HTLF), announced today that its
board of directors declared a special cash dividend of $0.05 per share
on the company's common stock at its meeting held December 15, 2015. The
special dividend is payable on December 31, 2015, to stockholders of
record on December 25, 2015. Together with the four cash dividends paid
in 2015, the special dividend brings the total dividends paid this year
to $0.45 per common share.
“We are extremely pleased to reward our stockholders with this special
dividend in recognition of our company’s superb financial performance in
2015,” said Lynn B. Fuller, Heartland’s chairman and chief executive
officer. “Our successful year is the result of several factors including
a solid net interest margin, exceptional asset growth and increased
earnings from our acquisitions.”
Heartland has paid a dividend in every quarter since the company’s
inception in 1981.
About Heartland Financial USA, Inc.
Heartland Financial USA,
Inc. is a $6.8 billion diversified financial services company providing
banking, mortgage, private client, investment, insurance and consumer
finance services to individuals and businesses. Heartland currently has
94 banking locations serving 71 communities in Iowa, Illinois,
Wisconsin, New Mexico, Arizona, Montana, Colorado, Minnesota, Kansas,
Missouri, Texas and California, with mortgage loan production offices in
Nevada and Idaho. Additional information about Heartland Financial USA,
Inc. is available at www.htlf.com.
Safe Harbor Statement
This release, and future oral and written statements of Heartland and
its management, may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 about
Heartland’s financial condition, results of operations, plans,
objectives, future performance and business. Although these
forward-looking statements are based upon the beliefs, expectations and
assumptions of Heartland’s management, there are a number of factors,
many of which are beyond the ability of management to control or
predict, that could cause actual results to differ materially from those
in its forward-looking statements. These factors, which are detailed in
the risk factors included in Heartland’s Annual Report on Form 10-K
filed with the Securities and Exchange Commission, include, among
others: (i) the strength of the local and national economy; (ii) the
economic impact of past and any future terrorist threats and attacks and
any acts of war, (iii) changes in state and federal laws, regulations
and governmental policies concerning the Company’s general business;
(iv) changes in interest rates and prepayment rates of the Company’s
assets; (v) increased competition in the financial services sector and
the inability to attract new customers; (vi) changes in technology and
the ability to develop and maintain secure and reliable electronic
systems; (vii) the loss of key executives or employees; (viii) changes
in consumer spending; (ix) unexpected results of acquisitions; (x)
unexpected outcomes of existing or new litigation involving the Company;
and (xi) changes in accounting policies and practices. All statements in
this release, including forward-looking statements, speak only as of the
date they are made, and Heartland undertakes no obligation to update any
statement in light of new information or future events.
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