Blackhawk Bancorp declares dividend
The Business Journal of Milwaukee
Blackhawk Bancorp Inc. of Beloit said Wednesday that it has declared the company’s 75th consecutive quarterly cash dividend.
Shareholders of record on Dec. 19 will be paid a dividend of 9 cents per share on Jan. 5, 2009. This amounts to 36 cents per share on an annualized basis, representing a yield of about 3.6 percent on the stock’s recent trading price, according to company president and CEO R. Richard Bastian III.
Blackhawk Bancorp Inc. (OTCBB: BHWB), with total assets of approximately $486.3 million, is the parent company of Blackhawk State Bank, which operates eight banking centers in south central Wisconsin and north central Illinois.
Blackhawk Bancorp’s stock was trading at $9.40 per share in midday Wednesday trading.
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