Horizon Bancorp HBNC announced today that its Board of Directors has
approved an increase in its quarterly dividend from 13 cents to 15 cents per
share. This represents a 15.38 percent increase and a dividend yield of 2.19
percent based on the price per share of $27.39 as of the close of business on
September 18, 2012, the date on which the Board approved the increase. The
dividend will be paid on October 12, 2012 to shareholders of record on
September 28, 2012.
Horizon Bancorp is a locally owned, independent, commercial bank holding
company serving Northern and Central Indiana and Southwest Michigan through
its bank subsidiary, Horizon Bank, also doing business as Heartland Community
Bank. Horizon also offers mortgage-banking services throughout the Midwest.
Horizon Bancorp may be reached online at www.accesshorizon.com. Its common
stock is traded on the NASDAQ Global Market under the symbol HBNC.
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