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IF Bancorp, Inc. (NASDAQ:IROQ) Raises Dividend to $0.20 Per Share

IF Bancorp logo with Finance background

IF Bancorp, Inc. (NASDAQ:IROQ - Get Free Report) declared a quarterly dividend on Wednesday, February 12th,RTT News reports. Shareholders of record on Friday, March 21st will be paid a dividend of 0.20 per share by the savings and loans company on Tuesday, April 15th. This represents a $0.80 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Friday, March 21st. This is an increase from IF Bancorp's previous quarterly dividend of $0.05.

IF Bancorp has increased its dividend by an average of 7.2% annually over the last three years.

IF Bancorp Trading Up 1.9 %

Shares of IROQ stock traded up $0.45 on Friday, reaching $24.23. 544 shares of the company's stock were exchanged, compared to its average volume of 1,829. The company's fifty day simple moving average is $23.57 and its 200 day simple moving average is $21.07. IF Bancorp has a 52 week low of $14.85 and a 52 week high of $25.00. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $81.17 million, a PE ratio of 26.05 and a beta of 0.49.

IF Bancorp (NASDAQ:IROQ - Get Free Report) last released its earnings results on Thursday, January 30th. The savings and loans company reported $0.38 earnings per share for the quarter. IF Bancorp had a return on equity of 3.99% and a net margin of 6.18%.

About IF Bancorp

(Get Free Report)

IF Bancorp, Inc operates as the savings and loan holding company for Iroquois Federal Savings and Loan Association that provides a range of banking and financial services to individual and corporate clients. The company offers various deposit accounts, including savings accounts, certificates of deposit, money market accounts, commercial and personal checking accounts, individual retirement accounts, and health savings accounts.

Further Reading

Dividend History for IF Bancorp (NASDAQ:IROQ)

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