JEFFERSON CITY, Mo. - Hawthorn Bancshares, Inc. (NASDAQ: HWBK), the parent company of Hawthorn Bank, announced an increase in its quarterly cash dividend. Shareholders can expect to receive $0.19 per common share on July 1, 2024, a rise from the previous quarter’s dividend of $0.17 per share. The dividend is available to shareholders on record as of the close of business on June 15, 2024.
The Missouri-based financial-bank holding company operates Hawthorn Bank, which serves various communities across the state, including Jefferson City, Lee's Summit, and Springfield, among others. The decision to increase the dividend reflects the company's financial health and commitment to providing value to its shareholders.
In the press release, the company also included forward-looking statements, which are based on management's current expectations and projections about future events. Still, it is important to note that actual results could materially differ from those anticipated in these statements due to various factors.
The company regularly files quarterly and annual reports with the Securities and Exchange Commission, which provide additional information on factors that could influence the company's financial performance.
This dividend announcement is based on a press release statement and has not been independently verified. Investors should be aware that forward-looking statements involve risks and uncertainties and are not guarantees of future performance. Hawthorn Bancshares has made it clear that it does not undertake any obligation to update any forward-looking statement publicly, except as required by law.
InvestingPro Insights
Hawthorn Bancshares, Inc. (NASDAQ: HWBK) has demonstrated a commendable track record of shareholder returns, notably increasing its quarterly cash dividend to $0.19 per share. This move is a testament to its financial stability and marks the company's 25th consecutive year of dividend payments. An InvestingPro Tip highlights this significant milestone, which may instill confidence in investors seeking steady income streams.
The company’s commitment to dividends is further underscored by its ability to maintain these payments despite a challenging period, as evidenced by a recent price dip. Over the last week, the stock has experienced a notable decline, with a one-week price total return of -10.68%. This short-term volatility, as captured by InvestingPro Data, contrasts with the company's long-term approach to shareholder returns.
InvestingPro Data also reveals a high P/E ratio of 137.28, suggesting that the market has high expectations for future earnings growth relative to the current earnings level. Moreover, the company's revenue has seen a downturn, with a revenue growth of -28.3% for the last twelve months as of Q4 2023. These metrics may signal caution to potential investors, indicating that the company's stock is trading at a premium despite recent revenue challenges.
For investors interested in a deeper analysis, additional InvestingPro Tips are available, including insights on the company's earnings multiple and gross profit margins. These tips can be found on the InvestingPro platform, where users can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. With 7 more InvestingPro Tips listed for Hawthorn Bancshares, investors have a wealth of information at their fingertips to inform their investment decisions.
As Hawthorn Bancshares prepares for its next earnings date on April 24, 2024, investors will be watching closely to see if the company's financial performance aligns with its dividend strategy and market valuation.
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