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FHLB of Topeka raises dividend

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FHLB of Topeka raises dividend

Federal Home Loan Bank of Topeka is raising its common stock dividend rate by 25 basis points.

It will pay 1.50% per annum on its class A, or membership, stock, and 6.75% per annum on its class B, or activity-based, stock.

The dividends on both will be paid in the form of class B stock, to be credited to the bank members' capital stock accounts March 30. Partial shares will be paid in cash.