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First Defiance Financial ups quarterly dividend

First Defiance Financial Corp.'s board declared a quarterly cash dividend of 22 cents per common share, up from the previous payout of 19 cents per common share.

The dividend will be paid Nov. 22 to stockholders of record at the close of business Nov. 15.

The Defiance, Ohio-based company reported third-quarter net income of $13.2 million, or 66 cents per share, compared to $11.3 million, or 55 cents per share, for the same period in 2018.

Additionally, First Defiance Financial disclosed that through its wholly owned subsidiary, First Federal Bank of the Midwest, the company completed the acquisition of Strategic Investment Advisors LLC.

Located in Sylvania, Ohio, Strategic Investment Advisors is a financial advisory and brokerage firm with assets under management of approximately $115 million. It will be added to First Federal Bank's trust and wealth management platform, according to a news release.