HMN Financial to repurchase more shares

From staff reports

HMN Financial Inc. of Rochester will repurchase as many as 350,000 more shares of common stock in the next 18 months, the company said Tuesday.

HMN has repurchased shares in recent years as a means to boost its stock price and fund stock option plans.

Late in July, HMN said it will pay a regular quarterly dividend of 18 cents per share on Sept. 10 to investors holding shares on Tuesday. HMN shares were listing at $17.29 this morning after rising 45 cents to that price on Tuesday. The announcement came after regular trading Tuesday.

HMN is the publicly held parent company for Home Federal Savings Bank.

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