Horizon Bancorp Announces an 18.2% Quarterly Dividend Increase
June 13 2017 - 4:00PM
Horizon Bancorp (NASDAQ:HBNC) announced today that its Board of
Directors has approved an increase in its quarterly dividend from
11 cents to 13 cents per share. This represents an 18.2% increase
and a dividend yield of 1.92% based on the price per share of
$27.08 as of the close of business on June 12, 2017. The
dividend will be paid on July 21, 2017 to shareholders of record on
July 7, 2017.
About Horizon BancorpHorizon Bancorp is an
independent, commercial bank holding company serving northern and
central Indiana, southwest and central Michigan and central Ohio
through its commercial banking subsidiary Horizon Bank, NA.
Horizon also offers mortgage-banking services throughout the
Midwest. Horizon Bancorp may be reached online at
www.horizonbank.com. Its common stock is traded on the NASDAQ
Global Select Market under the symbol HBNC.
Forward Looking StatementsThis press release
may contain forward-looking statements regarding the financial
performance, business prospects, growth and operating strategies of
Horizon. For these statements, Horizon claims the protections
of the safe harbor for forward-looking statements contained in the
Private Securities Litigation Reform Act of 1995. Statements
in this press release should be considered in conjunction with the
other information available about Horizon, including the
information in the filings we make with the Securities and Exchange
Commission. Forward-looking statements provide current
expectations or forecasts of future events and are not guarantees
of future performance. The forward-looking statements are
based on management’s expectations and are subject to a number of
risks and uncertainties. We have tried, wherever possible, to
identify such statements by using words such as “anticipate,”
“estimate,” “project,” “intend,” “plan,” “believe,” “will” and
similar expressions in connection with any discussion of future
operating or financial performance. Although management
believes that the expectations reflected in such forward-looking
statements are reasonable, actual results may differ materially
from those expressed or implied in such statements. Risks and
uncertainties that could cause actual results to differ materially
include risk factors relating to the banking industry and the other
factors detailed from time to time in Horizon’s reports filed with
the Securities and Exchange Commission, including those described
in its Form 10-K. Undue reliance should not be placed on the
forward-looking statements, which speak only as of the date hereof.
Horizon does not undertake, and specifically disclaims any
obligation, to publicly release the result of any revisions that
may be made to update any forward-looking statement to reflect the
events or circumstances after the date on which the forward-looking
statement is made, or reflect the occurrence of unanticipated
events, except to the extent required by law.
Contact:
Horizon Bancorp
Mark E. Secor
Chief Financial Officer
(219) 873-2611
Fax: (219) 874-9280
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