Heartland Financial Boosts Dividend on Record Earnings
Heartland Financial (NASDAQ: HTLF), a regional bank based in Dubuque, Iowa, raised its dividend for the third time in the past 16 months in February. This latest move comes on the heels of a strong performance by the bank in 2019 when it posted record earnings for the year.
Founded in 1981, the bank holding company has grown to operate 11 different community banks throughout the Midwest and western United States. The banks have 115 branches throughout Iowa, Illinois, Wisconsin, New Mexico, Arizona, Montana, Colorado, Minnesota, Kansas, Missouri, Texas, and California. It provides banking, mortgage, private client, investment, insurance, and consumer finance services to individuals and businesses with roughly $13.2 billion in total assets.
The stock popped about 9% since its strong fourth-quarter earnings report on Jan. 27, but it has lost about 5% in the last week in February following the COVID-19 coronavirus market meltdown. But overall, it's a solid company that's been in acquisition mode and is poised to deliver growth for investors.
Source Fool.com
