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Federal Home Loan Bank of Atlanta Declares a 3.74% Dividend for First Quarter 2022

ATLANTA, April 28, 2022 (GLOBE NEWSWIRE) — The board of directors of the Federal Home Loan Bank of Atlanta (FHLBank Atlanta) today approved a first quarter 2022 cash dividend at an annualized rate of 3.74 percent. “In the face of continuing economic uncertainty, FHLBank Atlanta remains focused on maintaining a financially stable cooperative for the benefit of our members,” said FHLBank Atlanta Chair of the Board, Rick Whaley. “The board of directors is happy to return value to our members through this first quarter dividend.” The dividend rate is 3.65 percentage points over the daily average Secured Overnight Financing Rate, also known as SOFR, for the first quarter of 2022. The dividend payout will be calculated based on shareholders’ capital stock held during that period and will be credited to shareholders’ daily investment...

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Baltic Horizon Fund declares quarterly cash distribution of approx. EUR 1.56 million to investors

Northern Horizon Capital AS as the management company of Baltic Horizon Fund (the Fund) has approved a cash distribution of approx. 1.17% of the Fund’s Q1 2022 weighted average net asset value to its unitholders. This equals approx. EUR 1.56 million in total and EUR 0.013 per unit. The pay-out represents an increased rolling distribution yield of 6.3% for the past 12 months based on the closing unit price on the last day of Q1 2022 on the Nasdaq Tallinn stock exchange. In Q1 2022, the Fund generated an unaudited Generated Net Cash Flow (GNCF) from operations of approx. EUR 1.9 million. The Fund aims to have the distribution rate at 80% of quarterly GNCF and reinvest the remaining 20% into ongoing projects to boost future cash flows and property values. In total, the Fund has paid out EUR 7.18 million from the operating results of the...

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Morris State Bancshares Announces Quarterly Earnings, Declares Second Quarter Dividend and Announces new Chairman and Lead Director

DUBLIN, Ga., April 28, 2022 (GLOBE NEWSWIRE) — Morris State Bancshares, Inc. (OTCQX: MBLU) (the “Company”), the parent of Morris Bank, today announced net income of $5.2 million for the quarter ending March 31, 2022. This level was in line with the first quarter of 2021’s net income of $5.2 million and below record-level net income of $7.1 million in the fourth quarter of 2021. Tangible book value of the company grew to $66.98 on March 31, 2022, from $56.77, or 15.24%, from the March 31, 2021, and from $64.77 or 3.41% from December 31, 2021. 1st Quarter 2022 Highlights:Returned 1.74% on average assets and 14.87% percent on average tangible common equity Annualized loan growth of 16.76%, or $38.3 million, during the quarter (excluding PPP) Continued strong asset quality, with a net recovery realized in the first 3 months of 2022 Annualized...

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Hanmi Financial Declares Cash Dividend of $0.22 per share

LOS ANGELES, April 28, 2022 (GLOBE NEWSWIRE) — Hanmi Financial Corporation (NASDAQ: HAFC, or “Hanmi”), the parent company of Hanmi Bank (the “Bank”), today announced that its Board of Directors declared a cash dividend on its common stock for the 2022 second quarter of $0.22 per share. The dividend will be paid on May 25, 2022, to stockholders of record as of the close of business on May 9, 2022. “We are very pleased with our strong results in the first quarter, driven by strong execution across the business,” said Bonnie Lee, President and Chief Executive Officer. “This dividend reflects the Board’s confidence in Hanmi’s financial strength and outlook, and our commitment to balanced capital allocation.” About Hanmi Financial Corporation Headquartered in Los Angeles, California, Hanmi Financial Corporation owns Hanmi Bank, which...

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Kearny Financial Corp. Announces Third Quarter Fiscal 2022 Results and Declaration of Cash Dividend

FAIRFIELD, N.J., April 28, 2022 (GLOBE NEWSWIRE) — Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported net income for the quarter ended March 31, 2022 of $17.7 million, or $0.25 per diluted share, compared to $18.8 million, or $0.26 per diluted share, for the quarter ended December 31, 2021. The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.11 per share, payable on May 25, 2022 to stockholders of record as of May 11, 2022. Craig L. Montanaro, President and Chief Executive Officer, commented, “This quarter was highlighted by outstanding core growth on both sides of the balance sheet as total loans increased $176.8 million, or 14.8% annualized, and core non-maturity deposits increased $66.2 million or 6.8% annualized. While...

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Unity Bancorp Announces 10% Increase in Second Quarter Cash Dividend, Up 22% from Prior Year

CLINTON, N.J., April 28, 2022 (GLOBE NEWSWIRE) — Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.11 per common share. Such dividend is payable on June 24, 2022, to shareholders of record as of June 10, 2022. This represents an 10% increase from the $0.10 dividend per common share paid in the prior quarter, and a 22% increase from the $0.09 dividend per common share paid in June 2021. Unity Bancorp, Inc. is a financial service organization headquartered in Clinton, New Jersey, with approximately $2.1 billion in assets and $1.8 billion in deposits. Unity Bank, the company’s wholly owned subsidiary, provides financial services to retail, corporate and small business customers through its 19 retail service centers located in Bergen, Hunterdon,...

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California Water Service Group Board of Directors Declares 309th Consecutive Quarterly Dividend

SAN JOSE, Calif., April 27, 2022 (GLOBE NEWSWIRE) — At its meeting today, the California Water Service Group (NYSE: CWT) Board of Directors declared the company’s 309th consecutive quarterly dividend in the amount of $0.25 per common share. It will be payable on May 20, 2022 to stockholders of record on May 9, 2022. California Water Service Group is the parent company of regulated utilities California Water Service, Hawaii Water Service, New Mexico Water Service, Washington Water Service, and now Texas Water Service, a utility holding company. Together, these companies provide regulated and non-regulated water and wastewater service to more than 2 million people in California, Hawaii, New Mexico, Texas, and Washington. California Water Service Group’s common stock trades on the New York Stock Exchange under the symbol “CWT.”...

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Lake Shore Bancorp, Inc. Announces 2022 First Quarter Financial Results and Declares Dividend

DUNKIRK, N.Y., April 27, 2022 (GLOBE NEWSWIRE) — Lake Shore Bancorp, Inc. (the “Company”) (NASDAQ: LSBK), the holding company for Lake Shore Savings Bank (the “Bank”), reported unaudited net income of $1.1 million, or $0.18 per diluted share, for the 2022 first quarter compared to net income of $1.7 million, or $0.29 per diluted share, for the 2021 first quarter. 2022 First Quarter Financial Highlights:Net interest income increased 3.7% to $5.5 million during the 2022 first quarter in comparison to $5.3 million during the 2021 first quarter, due to a $6.0 million increase in the average balance of interest-earning assets and a 26 basis points decrease in the average cost of interest-bearing liabilities; Net interest margin and interest rate spread was 3.38% and 3.30%, respectively, for the three months ended March 31, 2022 as...

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Dynacor Declares May 2022 Monthly Dividend

MONTREAL, April 27, 2022 (GLOBE NEWSWIRE) — Dynacor Gold Mines Inc. (TSX: DNG) (Dynacor or the Corporation) announced its monthly dividend. The declaration of a dividend payment of C$0.0083 per common share will be payable on May 19, 2022, to shareholders of record as of the close of business on May 9, 2022. This dividend represents the twenty-sixth (26th) dividend and (16th) sixteenth monthly payment made to shareholders. The Corporation’s monthly dividend qualifies as an “eligible dividend” for Canadian income tax purposes.The payment and increase of dividends are at the discretion of the Board and will depend on the Corporation’s financial results, cash requirements, prospects and other factors deemed relevant by the Board. ABOUT DYNACOR Dynacor is a dividend-paying industrial gold ore processor headquartered in Montreal, Canada....

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ARMOUR Residential REIT, Inc. Announces May 2022 Dividend Rate Per Common Share

VERO BEACH, Florida, April 26, 2022 (GLOBE NEWSWIRE) — ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) today announced the May 2022 cash dividend for the Company’s Common Stock. May 2022 Common Stock Dividend InformationMonth   Dividend   Holder of Record Date   Payment DateMay 2022   $0.10   May 16, 2022   May 27, 2022Certain Tax Matters ARMOUR has elected to be taxed as a real estate investment trust (“REIT”) for U.S. Federal income tax purposes. In order to maintain this tax status, ARMOUR is required to timely distribute substantially all of its ordinary REIT taxable income. Dividends paid in excess of current tax earnings and profits for the year will generally not be taxable to common stockholders. Actual dividends are determined at the discretion of the Company’s board of...

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