Ottawa Savings Bancorp (OTTW) has announced today that it will increase its quarterly dividend by 10 percent to $0.11 per share. The new dividend yield for OTTW is 3.0% at a stock price of $14.55. The next OTTW dividend will be paid on March 16, 2022  to shareholders of record on March 2, 2022. The next ex-dividend date is March 1, 2022.

Ottawa Bancorp, Inc. is the holding company for Ottawa Savings Bank, FSB which provides various financial services to individual and corporate customers in the United States. OTTW's business is to attract deposits from the general public and use those funds to originate and purchase one- to four-family, multi-family and non-residential real estate, construction, commercial and consumer loans, which the Bank primarily holds for investment. The company has been paying a dividend since 2017.