Third Quarter 2020 Earnings Release & Dividend
posted on Wednesday, October 28, 2020 in Finance News
On October 29, 2020, FHLB Des Moines released preliminary unaudited financial highlights for the third quarter ended September 30, 2020. All numbers reported in this earnings release for the third quarter of 2020 are approximate until the Bank announces unaudited financial results in its Third Quarter 2020 Form 10-Q with the SEC, expected to be available at www.fhlbdm.com and www.sec.gov on or before November 16, 2020.
The Bank’s Board of Directors approved a third quarter 2020 dividend at an annualized rate of 5.50 percent on activity-based stock and 3.00 percent on membership stock, unchanged from the prior quarter. Dividend payments totaling $44 million are expected to be paid on November 13, 2020.
Please refer to the Bank's earnings release for more information.
- Earnings Release