Hawthorn Bancshares Announces Increased Cash Dividend
Hawthorn Bancshares of Jefferson City, MO (NASDAQ: HWBK) announced today that its Board of Directors approved an increase in the
quarterly cash dividend of $0.01 per share, or 20%, for a total of $0.06 per share payable January 1, 2017 to shareholders of
record at the close of business on December 15, 2016. Chairman David T. Turner stated, “Hawthorn has experienced continuous
earnings improvement over the last several years and capital adequacy ratios have far exceeded regulatory minimums. During this
time, the Company has maintained the annual dividend rate at $0.20 per share but now believes it is time to increase the return to
our shareholders. As a result, the Board of Directors approved increasing the current quarterly dividend to $0.06 per share.”
About Hawthorn Bancshares
Hawthorn Bancshares, Inc., a financial-bank holding company headquartered in Jefferson City, Missouri, is the parent company of
Hawthorn Bank of Jefferson City, Missouri with locations in the Missouri communities of Lee's Summit, Liberty, Springfield,
Branson, Independence, Columbia, Clinton, Windsor, Collins, Osceola, Warsaw, Belton, Drexel, Harrisonville, California and St.
Robert, Missouri.
Statements made in this press release that suggest Hawthorn Bancshares' or management's intentions, hopes, beliefs,
expectations, or predictions of the future include "forward-looking statements" within the meaning of Section 21E of the Securities
and Exchange Act of 1934, as amended. It is important to note that actual results could differ materially from those
projected in such forward-looking statements. Additional information concerning factors that could cause actual results to
differ materially from those projected in such forward-looking statements is contained from time to time in the company's quarterly
and annual reports filed with the Securities and Exchange Commission.
Hawthorn Bancshares
Bruce Phelps, 573-761-6100
Chief Financial Officer
FAX: 573-761-6272
www.HawthornBancshares.com
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