First Quarter 2022 Dividend & Earnings Release
last updated on Thursday, April 28, 2022 in Finance News
The Bank’s Board of Directors approved a first quarter 2022 dividend at an annualized rate of 6.25 percent on activity-based stock, an increase of 0.25 percent from the prior quarter, and 3.00 percent on membership stock, unchanged from the prior quarter. Dividend payments totaling $43 million are expected to be paid on May 12, 2022.
On April 28, 2022, FHLB Des Moines released preliminary unaudited financial highlights for the first quarter ended March 31, 2022. The financial results reported in this earnings release for the first quarter of 2022 are preliminary until the Bank announces audited financial results in its First Quarter 2022 Form 10-Q filed with the Securities and Exchange Commission, expected to be available at www.fhlbdm.com and www.sec.gov on or before May 16, 2022.
Please refer to the Bank's earnings release for more information.
- Earnings Release