On January 24, 2023, Home Bancorp, Inc. (HBCP) announced that it will raise its quarterly dividend by 4.2 percent to 25 cents per share. This marks the 9th consecutive year of dividend growth by HBCP. Last year the dividend was hiked by 4.3%.
The company declared a quarterly cash dividend on shares of its common stock of $0.25 per share payable on February 17, 2023, to shareholders of record as of February 6, 2023. The new annual rate of $1.00 per share yields 2.5% at a stock price of $39. The next ex-dividend date is February 23, 2023.
Home Bancorp, Inc. is a bank holding company for Home Bank, N.A. The Bank is engaged in attracting deposits from the general public and using those funds to invest in loans and securities. The Bank's lending activities include loans secured by commercial real estate loans, and commercial and industrial loans. In addition to commercial real estate and commercial and industrial loans, the Bank holds a portfolio of construction and land loans.