QCR Holdings, Inc., the parent company of Quad City Bank & Trust, announced Thursday, Feb. 19, that its board of directors has declared a cash dividend of $0.10 per share.
It is payable on Friday, April 3, to stockholders of record on Thursday, March 19.
This dividend represents an increase from the prior quarterly dividend of $0.06 per share. In a news release, QCR also said it reflects the company’s strong financial performance, disciplined approach to capital management, and the board’s confidence in the company’s long-term outlook.
“Returning capital to shareholders remains an important component of our value-creation strategy,” Todd A. Gipple, QCR’s president and CEO, said. “This increase demonstrates the durability of our business model and our commitment to delivering consistent, long-term value to our shareholders.”
Headquartered in Moline, QCR is a relationship-driven, multi-bank holding company serving the Quad Cities, Cedar Rapids, Cedar Valley, Des Moines/Ankeny and Springfield communities through its wholly owned subsidiary banks. It has 36 locations in Iowa, Missouri and Illinois.
As of Dec. 31, QCR had $9.6 billion in assets, $7.2 billion in loans and $7.4 billion in deposits.
Last May, QCR broke ground on a new headquarters and QCBT banking branch in north Bettendorf in The Plex area.
