First Quarter 2020 Earnings Release & Dividend
last updated on Tuesday, April 28, 2020 in Finance News
On April 28, 2020, FHLB Des Moines released preliminary unaudited financial highlights for the first quarter ended March 31, 2020. All numbers reported in this earnings release for the first quarter of 2020 are approximate until the Bank announces unaudited financial results in its First Quarter 2020 Form 10-Q with the SEC, expected to be available at www.fhlbdm.com and www.sec.gov on or before May 15, 2020.
The Bank’s Board of Directors approved a first quarter 2020 dividend at an annualized rate of 5.50 percent on activity-based stock and 3.00 percent on membership stock. Dividend payments totaling $57 million are expected to be paid on May 12, 2020.
Please refer to the Bank's earnings release for more information.
- Earnings Release