Heartland Financial hikes dividend by 7.1%

On January 20, 2023, Heartland Financial USA, Inc. (trading symbol HTLF), declared a 7.1% dividend hike to $0.30 quarterly per share. This follows a 3.7% dividend increase by the company announced in the previous quarter. The new annual dividend rate of $1.20 per share yields 2.6% at a stock price of $46.36.

The next HTLF dividend is payable on February 28, 2023, to stockholders of record at the close of business on February 10, 2023. The next ex-dividend date is February 9, 2023. The average dividend growth rate based on the last 5 years is 16.5% annually for HTLF. The company will now pay an estimated $51 million in dividends to shareholders every year.

Heartland Financial USA, Inc., operating under the brand name HTLF, is a bank holding company. HTLF has banks serving communities in Arizona, California, Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Montana, New Mexico, Texas and Wisconsin. Its Banks provide a range of commercial, small business, and consumer banking services to businesses, including public sector and non-profit entities. It provides traditional and non-traditional service channels, including online banking, mobile banking, and telephone banking. HTLF is committed to its core commercial business, supported by a strong retail operation, and provides a diversified line of financial services including treasury management, wealth management, investments and residential mortgage.