Fourth Quarter 2024 Dividend and Earnings Release
last updated on Wednesday, February 12, 2025 in Finance News
The Bank’s Board of Directors approved a fourth quarter 2024 dividend to be paid at an annualized rate of 9.75% on average activity-based stock, an increase of 0.25% from the prior quarter, and 6.00% on average membership stock, unchanged from the prior quarter. Dividend payments totaling $138 million are expected to be paid on February 19, 2025.
On February 12, 2025, FHLB Des Moines released preliminary unaudited financial highlights for the fourth quarter and year ended December 31, 2024. The financial results reported in this earnings release for 2024 are preliminary until the Bank announces audited financial results in its 2024 Form 10-K filed with the Securities and Exchange Commission, expected to be available next month at www.fhlbdm.com and www.sec.gov.
Please refer to the Bank's earnings release for more information.
- Dividend
- Earnings Release