OTTAWA BANCORP, INC. APPROVES STOCK REPURCHASE PROGRAM AND ANNOUNCES QUARTERLY CASH DIVIDEND
Ottawa Savings Bancorp, Inc. (IL) (OTTW)
NASDAQ:AMEX Investor Relations:
ottawasavings.com/investor-information
Company Research
Source: GlobeNewswire
OTTAWA, Ill., Nov. 21, 2019 (GLOBE NEWSWIRE) -- November 21, 2019 – Ottawa Bancorp, Inc. (Nasdaq: OTTW) (the “Company”), the holding company for Ottawa Savings Bank, FSB (the “Bank”), announced today that it has approved a stock repurchase program authorizing the purchase of 317,307 shares, representing 10% of the Company’s outstanding shares of common stock. As of September 30, 2019, the Company had repurchased a total of 327,089 shares of its common stock at an average price of $13.96 per share as part of its previously approved stock repurchase program, which will expire on November 29, 2019. Repurchases will be conducted through open market purchases, which may include purchases under a trading plan adopted pursuant to Securities and Exchange Commission Rule 10b5-1, or through privately negotiated transactions. Repurchases will be made from time to time depending on market conditions and other factors. In addition, the Company announced today that its Board of Directors h
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