Dividend Announcement: IF Bancorp, Inc. will pay a dividend of $0.20 per share on October 17, yielding 1.6%, with a sustainable payout ratio of 38% based on recent earnings, despite a projected decline in EPS over the next year.
Investment Considerations: While IF Bancorp has a strong history of consistent dividend payments and growth, declining earnings may pressure future dividends, prompting investors to consider additional factors beyond just dividend yields.
IROQ
$27.01+Infinity%1D
Analyst Views on IROQ
About IROQ
IF Bancorp, Inc. operates as a savings and loan holding company for Iroquois Federal Savings and Loan Association (Iroquois Federal). The Company is primarily engaged in the business of directing, planning, and coordinating the business activities of Iroquois Federal. Iroquois Federal operates as a federally chartered savings association. Its business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in a range of loans. It offers a range of deposit accounts, including savings accounts, certificates of deposit, money market accounts, and commercial and personal checking accounts, among others. It also offers alternative delivery channels, including automated teller machines, online banking and bill pay, and mobile banking with mobile deposit and bill pay. It conducts its operations in seven full-service banking offices, and a loan production and wealth management office in Missouri.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
