Second Quarter 2023 Dividend & Earnings Release

last updated on Wednesday, July 26, 2023 in Finance News

The Bank’s Board of Directors approved a second quarter 2023 dividend at an annualized rate of 7.95 percent on activity-based stock, and 3.00 percent on membership stock, unchanged from the prior quarter. Dividend payments totaling $114 million, based on average stock outstanding during the second quarter of 2023, are expected to be paid on August 10, 2023. Future dividends are at the discretion of the Bank’s Board of Directors and may be impacted by economic and market conditions.

On July 26, 2023, FHLB Des Moines released preliminary unaudited financial highlights for the second quarter ended June 30, 2023. The financial results reported in this earnings release for the second quarter of 2023 are preliminary until the Bank announces unaudited financial results in its Second Quarter 2023 Form 10-Q filed with the Securities and Exchange Commission, expected to be available at and on or before August 14, 2023.

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

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