First Quarter 2023 Dividend & Earnings Release

last updated on Thursday, April 27, 2023 in Finance News

The Bank’s Board of Directors approved a first quarter 2023 dividend at an annualized rate of 7.95 percent on activity-based stock, an increase of 0.20 percent from the prior quarter, and 3.00 percent on membership stock, unchanged from the prior quarter. Dividend payments totaling $109 million are expected to be paid on May 11, 2023.

On April 27, 2023, FHLB Des Moines released preliminary unaudited financial highlights for the first quarter ended March 31, 2023. The financial results reported in this earnings release for the first quarter of 2023 are preliminary until the Bank announces unaudited financial results in its First Quarter 2023 Form 10-Q filed with the Securities and Exchange Commission, expected to be available at and on or before May 15, 2023.

Please refer to the Bank's earnings release for more information.

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