First Quarter 2021 Dividend & Earnings Release
last updated on Wednesday, April 28, 2021 in Finance News
The Bank’s Board of Directors recently approved a first quarter 2021 dividend at an annualized rate of 6.00 percent on activity-based stock and 3.00 percent on membership stock, an increase of 0.50 percent on activity-based stock from the prior quarter. Dividend payments totaling $42 million are expected to be paid on May 12, 2021.
On April 28, 2021, FHLB Des Moines released preliminary unaudited financial highlights for the first quarter ended March 31, 2021. All numbers reported in this earnings release for the first quarter of 2021 are preliminary until the Bank announces unaudited financial results in its First Quarter 2021 Form 10-Q with the SEC, expected to be available at www.fhlbdm.com and www.sec.gov on or before May 17, 2021.
Please refer to the Bank's earnings release for more information.