|
Maintaining the high value of membership
is the Federal Home Loan Bank of Boston's constant objective.
This means providing a secure asset that pays a solid dividend
while delivering economical wholesale credit.
 |
| |
DIVIDEND
HISTORY — 2003 TO DATE
(Percentages shown for each quarter are
annualized.) |
| |
|
|
|
|
|
|
|
| |
|
Q1 |
Q2 |
Q3 |
Q4 |
YTD |
|
| |
2008 |
6.00 |
4.00 |
3.05 |
2.50 |
3.86 |
|
| |
2007 |
6.75 |
6.75 |
6.50 |
6.50 |
6.62 |
|
| |
2006 |
5.25 |
* |
5.50* |
5.75 |
5.51 |
|
| |
2005 |
4.00 |
4.25 |
4.25 |
4.85 |
4.36 |
|
| |
2004 |
2.15 |
2.50 |
3.00 |
3.50 |
2.79 |
|
| |
2003 |
3.25 |
3.15 |
3.05 |
2.75 |
3.05 |
|
|
|
* In 2006, the Bank’s board of directors approved a dividend
schedule transition plan to declare and pay dividends after net
income is calculated. The dividend based on net income and average
capital stock balances outstanding for the second quarter 2006
was declared in the third quarter 2006 and grossed
up to an equivalent
accrual period for 183 days – the number of days in the
second and third quarters. Accordingly, the effective annual
yield of this dividend (declared in the third quarter of 2006,
but as applied to the second quarter of 2006) was 11.06 percent.
By the end of 2006, the Bank declared dividends based
on a day-count accrual of a full 365 days. Read the Bank's
letter to members and letter
on the dividend schedule transition plan.
|
