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MidWestOne Financial ups dividend

Iowa City, Iowa-based MidWestOne Financial Group Inc. increased its dividend by 3% to 16.5 cents per share.

The dividend is payable March 15 to shareholders of record as of March 1.

The company reported fourth-quarter 2016 net income of $3.9 million, or 34 cents per share, compared to the year-ago period's $8.2 million, or 72 cents per share. Full-year 2016 net income was $20.4 million, or $1.78 per share, compared to $25.1 million, or $2.42 per share, for 2015.