HMN Financial, Inc. Declares Dividend, Announces Annual Meeting and Extends Stock Repurchase Program.ROCHESTER, Minn. -- HMN HMN Hemmings Motor News Financial, Inc., (HMN) (Nasdaq:HMNF HMNF Huron-Manistee National Forest (Oscoda County, Michigan) ) today announced that it will pay a regular quarterly dividend of 25 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. payable on March 7, 2007 to stockholders of record on February 16, 2007. HMN today announced that its annual meeting will be held at the Rochester Golf and Country Club, located at 3100 West Country Club Road, Rochester, Minnesota on Tuesday, April 24, 2007, at 10:00 a.m. local time. HMN also announced that its Board of Directors has extended its stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. program until July 23, 2008; authorizing HMN to purchased up to 300,000 shares of its common stock from time to time in transactions on the NASDAQ Market or otherwise. General Information HMN Financial, Inc. and Home Federal Savings Bank Noun 1. federal savings bank - a federally chartered savings bank FSB savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks are headquartered in Rochester, Minnesota. The Bank operates ten full service offices in southern Minnesota located in Albert Lea, Austin, LaCrescent, Rochester, Spring Valley and Winona, Minnesota and two full service offices in Iowa located in Marshalltown and Toledo, Iowa. Home Federal Savings Bank also operates loan origination offices located in Sartell and Rochester, Minnesota. Eagle Crest Capital Bank, a division of Home Federal Savings Bank, operates branches in Edina and Rochester, Minnesota. |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion