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Indiana-based Horizon Bancorp ups dividend by 1 cent

The board of Michigan City, Ind.-based Horizon Bancorp increased the company's quarterly dividend to 11 cents per share.

The dividend, which will be payable Jan. 20, 2017, to shareholders of record as of Jan. 6, 2017, represents an increase of 1 cent per share, or 10%, over the previous payout of 10 cents per share.