Home Federal Bancorp, Inc. of Louisiana Increases Quarterly Cash Dividend for 11th Consecutive Year

Core Points - Home Federal Bancorp, Inc. of Louisiana declared a quarterly cash dividend of $0.13 per share, payable on August 19, 2024, to shareholders of record as of August 5, 2024 [1] - This marks the eleventh annual increase in the dividend rate and the 77th consecutive quarterly cash dividend, demonstrating the company's commitment to shareholder value and confidence in its financial strength [2] - The recent dividend increase reflects a payout ratio of approximately 54% based on earnings for the quarter ended March 31, 2024 [2] Company Overview - Home Federal Bancorp, Inc. is the holding company for Home Federal Bank, which operates ten full-service banking offices in northwest Louisiana [2]