OTTAWA, Ill., Feb. 17, 2021 (GLOBE NEWSWIRE) -- Ottawa Bancorp, Inc. (OTCQX: OTTW) (the “Company”), the holding company for Ottawa Savings Bank FSB (the “Bank”), announced today that its Board of Directors has declared a one-time special cash dividend of $0.25 per share on shares of its outstanding common stock. In making the announcement, Craig Hepner, President and Chief Executive Officer of the Company, said “We are pleased to announce the payment of a $.25 special dividend. This is the third time since the Company converted to the fully stock form of corporate organization in 2016 that the Company has paid a special dividend. While the determination to pay any dividend depends on a variety of factors, the Board has determined that the payment of the special dividend is consistent with sound capital management strategies while preserving the Bank’s ability to grow.”
OTTAWA BANCORP, INC. ANNOUNCES SPECIAL CASH DIVIDEND AND INCREASE IN QUARTERLY CASH DIVIDEND
Feb 18, 2021
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