Horizon Bancorp Announces a 15.4% Quarterly Dividend Increase
March 21 2018 - 11:30AM
Horizon Bancorp (NASDAQ:HBNC) announced today that its Board of
Directors has approved an increase in its quarterly dividend from
13 cents to 15 cents per share. This represents a 15.4% increase
and a dividend yield of 1.99% based on the price per share of
$30.16 as of the close of business on March 20, 2018. The dividend
will be paid on April 20, 2018 to shareholders of record on April
6, 2018.
About Horizon
Bancorp Horizon Bancorp is a registered bank holding
company serving the northern and central regions of Indiana and the
southern, central and Great Lakes Bay regions of Michigan through
its bank subsidiary Horizon Bank. 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
Statements This 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
provisions 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 BancorpMark E. SecorChief Financial Officer(219)
873-2611Fax: (219) 874-9280
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