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WATSEKA, Ill. - IF Bancorp, Inc. (NASDAQ:IROQ), the holding company for Iroquois Federal Savings and Loan Association, announced Wednesday that its Board of Directors has declared a cash dividend of $0.20 per common share. The company, currently valued at approximately $81 million, has maintained dividend payments for 13 consecutive years, with a current dividend yield of 1.6%.
The dividend will be paid on October 17, 2025, to stockholders of record as of the close of business on September 26, 2025.
"We are pleased to continue paying a cash dividend to our stockholders," said Walter H. Hasselbring, III, Chief Executive Officer of the Company. "The payment of dividends represents our long-term commitment to enhancing stockholder value."
Hasselbring added that the company intends to continue paying a semiannual dividend in the future, assuming that its financial position and other conditions continue to allow such payment.
Iroquois Federal Savings and Loan Association operates seven full-service banking offices located in Watseka, Danville, Clifton, Hoopeston, Savoy, Bourbonnais and Champaign, Illinois, as well as a loan production office in Osage Beach, Missouri.
The financial institution offers retail and commercial lending and deposit services to customers in these areas.
The announcement was made in a press release issued by the company.
In other recent news, IF Bancorp, Inc. has announced the extension of employment agreements for its key executives. The company’s Board of Directors, along with the Board of Directors of its wholly owned subsidiary, Iroquois Federal Savings and Loan Association, have agreed to renew the contracts of Walter H. Hasselbring, III. Hasselbring, who serves as the Chief Executive Officer and Chairman of the Board of Directors for both the Bank and the company, will have his contract extended until July 7, 2028. Additionally, executive change in control agreements for Pamela J. Verkler, the Senior Executive Vice President and Chief Financial Officer, and Thomas J. Chamberlain, the President of the Bank and the company, have also been renewed. These agreements will now last until July 7, 2027. There were no significant changes to the terms and conditions of these contracts.
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