HarborOne Bancorp, Inc. Announces 7% Increase in First Quarter 2023 Dividend
30 Marzo 2023 - 2:00PM
Business Wire
HarborOne Bancorp, Inc. (the “Company”) (NASDAQ: HONE), the
holding company of HarborOne Bank, today announced that its Board
of Directors has declared a quarterly cash dividend of $0.075 per
share, which represents an increase of $0.005 per share, or 7%,
compared to its most recent dividend paid on January 17, 2023. The
dividend will be paid on April 26, 2023 to all shareholders of
record as of the close of business on April 12, 2023.
“We are very pleased to provide a 7% increase to the quarterly
cash dividend payment on the Company’s common stock from $0.07 to
$0.075 commencing in the first quarter of 2023,” said Joseph F.
Casey, President and Chief Executive Officer of the Company. “The
dividend increase is supported by our current and projected
earnings as we continue executing our business plan.”
The increased quarterly dividend level equates to an annualized
dividend rate of $0.30 per common share.
Forward Looking Statements
Certain statements herein constitute forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Exchange Act and are intended to be
covered by the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Such statements may be identified by
words such as “believes,” “will,” “would,” “expects,” “project,”
“may,” “could,” “developments,” “strategic,” “launching,”
“opportunities,” “anticipates,” “estimates,” “intends,” “plans,”
“targets” and similar expressions. These statements are based upon
the current beliefs and expectations of the Company’s management
and are subject to significant risks and uncertainties. Actual
results may differ materially from those set forth in the
forward-looking statements as a result of numerous factors. Factors
that could cause such differences to exist include, but are not
limited to, changes in general business and economic conditions
(including inflation) on a national basis and in the local markets
in which the Company operates, including changes that adversely
affect borrowers’ ability to service and repay the Company’s loans;
changes in customer behavior; ongoing turbulence in the capital and
debt markets and the impact of such conditions on the Company’s
business activities; changes in interest rates; increases in loan
default and charge-off rates; changes related to the
discontinuation and replacement of LIBOR; decreases in the value of
securities in the Company’s investment portfolio; fluctuations in
real estate values; the possibility that future credit losses may
be higher than currently expected due to changes in economic
assumptions, customer behavior or adverse economic developments;
the adequacy of loan loss reserves; decreases in deposit levels
necessitating increased borrowing to fund loans and investments;
competitive pressures from other financial institutions;
acquisitions may not produce results at levels or within time
frames originally anticipated; cybersecurity incidents, fraud,
natural disasters, war, terrorism, civil unrest, the ongoing
COVID-19 pandemic, and future pandemics; changes in regulation;
changes in accounting standards and practices; the risk that
goodwill and intangibles recorded in the Company’s financial
statements will become impaired; demand for loans in the Company’s
market area; the Company’s ability to attract and maintain
deposits; risks related to the implementation of acquisitions,
dispositions, and restructurings; the risk that the Company may not
be successful in the implementation of its business strategy;
changes in assumptions used in making such forward-looking
statements and the risk factors described in the Annual Report on
Form 10-K and Quarterly Reports on Form 10-Q as filed with the SEC,
which are available at the SEC’s website, www.sec.gov. Should one
or more of these risks materialize or should underlying beliefs or
assumptions prove incorrect, the Company’s actual results could
differ materially from those discussed. Readers are cautioned not
to place undue reliance on these forward-looking statements, which
speak only as of the date of this release. The Company disclaims
any obligation to publicly update or revise any forward-looking
statements to reflect changes in underlying assumptions or factors,
new information, future events or other changes, except as required
by law.
About HarborOne Bancorp, Inc.
HarborOne Bancorp, Inc. is the holding company for HarborOne
Bank, a Massachusetts-chartered trust company. HarborOne Bank
serves the financial needs of consumers, businesses, and
municipalities throughout Eastern Massachusetts and Rhode Island
through a network of 31 full-service branches located in
Massachusetts and Rhode Island, and a commercial lending office in
each of Boston, Massachusetts and Providence, Rhode Island.
HarborOne Bank also provides a range of educational resources
through “HarborOne U,” with free digital content, webinars, and
recordings for small business and personal financial education.
HarborOne Mortgage, LLC, a subsidiary of HarborOne Bank, is a
full-service mortgage lender with 27 offices in Maine,
Massachusetts, New Jersey, Rhode Island, and New Hampshire, and is
licensed to lend in six additional states.
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Linda Simmons, EVP, CFO (508) 895-1379
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