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

IF Bancorp, Inc. (NASDAQ:IROQ) declared a quarterly dividend on Tuesday, February 11th, RTT News reports. Shareholders of record on Friday, March 21st will be given 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 3.24%. The ex-dividend date of this dividend is Friday, March 21st. This is a 300.0% increase from IF Bancorp’s previous quarterly dividend of $0.05.

IF Bancorp has raised its dividend by an average of 7.2% per year over the last three years.

IF Bancorp Trading Up 1.5 %

IROQ stock opened at $24.71 on Wednesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.94 and a current ratio of 0.94. The company’s 50-day simple moving average is $24.00 and its 200 day simple moving average is $22.14. IF Bancorp has a 52 week low of $14.85 and a 52 week high of $25.00. The company has a market capitalization of $82.81 million, a PE ratio of 26.56 and a beta of 0.47.

IF Bancorp (NASDAQ:IROQ) last posted its quarterly earnings data on Thursday, January 30th. The savings and loans company reported $0.38 earnings per share for the quarter. IF Bancorp had a net margin of 6.18% and a return on equity of 3.97%.

About IF Bancorp

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.