First quarter dividend declared at 2.50 percentJune 18, 2020
At its June 18, 2020 meeting, the Board of Directors of the Federal Home Loan Bank of Cincinnati declared a dividend for the first quarter of 2020 at a 2.50 percent annualized rate. This dividend rate is 110 basis points over first quarter 2020 average short-term interest rates and 214 basis points over second quarter 2020 average short-term interest rates through June 17. Average short-term interest rates consist of 3-month LIBOR and the Federal funds effective rate.
The dividend payment occurred June 18 in the form of cash and is based on the average stock balance from the first quarter of 2020 which includes a day count basis of 91/366 days. See our dividend history on our Financial Results page.