secwatch.observer — SEC 8-K summary
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Issuer:     Finward Bancorp (FNWD)
CIK:        0000919864
Form:       8-K
Filed at:   2023-12-26T23:59:59+00:00
Accession:  0001437749-23-035315
Event type: dividend
Sentiment:  negative
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Finward Bancorp cuts quarterly dividend to $0.12 from prior quarter's level to build capital
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- Board declared $0.12 per share dividend payable Feb 5, 2024 to holders of record Jan 23, 2024.
- Dividend is lower than Q3 2023 level; CEO cites need to accelerate capital build-up and strengthen balance sheet.
- Peoples Bank remains well-capitalized; Board will review dividend policy periodically.
- Bank operates under FDIC/DFI consent order that restricts dividends without prior regulatory approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/919864/000143774923035315/0001437749-23-035315-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/919864/000143774923035315/fnwd20231226_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-035315

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