Except as otherwise provided within the Bank’s Capital Plan or by regulation or statute, the Bank’s board of directors has sole discretion to determine the amount, form, frequency and timing of dividend payments for each subclass of Capital Stock. The board of directors may declare different dividends for each subclass of Capital Stock. Dividend payments may be made in the form of cash, additional shares of Capital Stock or a combination of both as determined by the Bank′s board. Unless the board of directors declares otherwise, dividends are non-cumulative.
Dividends may only be paid from current earnings or previously retained earnings. The board of directors may not declare or pay any dividends if the Bank is not in compliance with its capital requirements or, if after paying the dividend, the Bank would not be in compliance with its capital requirements.
Each member will be entitled to receive dividends on Capital Stock held during the applicable dividend period for the period of time the member owned the Capital Stock. The Bank pays dividends on Capital Stock as long as it is issued and outstanding, regardless of whether a member has provided a Notice of Redemption or Notice of Withdrawal or a stockholder has terminated membership for any reason.
Members can reference our Capital Plan (Opens in New Window) for further information.
FHLB Des Moines Dividend History (PDF) is available online.
Member and Financial Operations Department
Toll Free: 800.544.3452, ext. 5416