Home Federal Bancorp Launches Buyback and Secures Dividend Approval

Home Federal Bancorp Inc. Of Louisiana (HFBL) has shared an announcement.

Home Federal Bancorp, Inc. has launched its twelfth stock repurchase program, targeting the buyback of up to 60,000 shares, which is around 2% of its common stock without a set expiration date. Additionally, Home Federal Bank has secured regulatory approval to pay a $10 million dividend to its parent company, which will be distributed in four quarterly installments throughout 2024. This move is expected to bolster the company’s operations and benefit stock repurchases and shareholder dividends.

See more insights into HFBL stock on TipRanks’ Stock Analysis page.