HMN Financial, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.08 per share of common stock, payable on June 7, 2023 to stockholders of record at the close of business on May 17, 2023. The declaration and amount of any future cash dividends remains subject to the sole discretion of the Board of Directors and will depend upon many factors, including the Company's results of operations, financial condition, capital requirements, regulatory and contractual restrictions, business strategy and other factors deemed relevant by the Board of Directors.