Capital City Bank Group, Inc. Announces Quarterly Cash Dividend
The Board of Directors of Capital City Bank Group, Inc. (NASDAQ: CCBG) has made an announcement that is sure to please investors. The company has declared a quarterly cash dividend of $0.23 per common share. This move is part of their ongoing commitment to returning value to shareholders, and it reflects the financial strength of the institution.
Dividend Details and Financial Implications
The dividend, which totals an annualized rate of $0.92 per share, is scheduled for payment on December 23, 2024. The record date for shareholders to receive the dividend is set for December 9, 2024. With the stock closing at $38.35 as of November 20, 2024, this translates to an annualized dividend yield of approximately 2.40%. Such yields are typically attractive in today’s market, showcasing the bank's solid financial footing.
About Capital City Bank Group, Inc.
Capital City Bank Group, Inc. is recognized as one of the largest publicly traded financial holding companies in Florida. With assets amounting to around $4.2 billion, it engages in a wide array of banking services. These services include deposit accounts, credit services, mortgage banking, asset management, trust services, merchant services, credit and debit card services, as well as securities brokerage and financial advisory services. Additionally, the organization offers clients life insurance, risk management, and asset protection services, making it a multifaceted financial service provider.
History and Reach
Founded in 1895, Capital City Bank has built a legacy of trust and financial expertise. Today, it operates 63 banking offices along with 105 ATMs and ITMs primarily in Florida, Georgia, and Alabama. The bank's expansive network and comprehensive suite of services make it a key player in these regions.
Looking Ahead
With a focus on growth, Capital City Bank Group continues to enhance its services and expand its reach, which bodes well for future dividend announcements and overall shareholder value. The management's strategic emphasis on financial stability and customer satisfaction provides a strong foundation for sustained growth.
Contact for More Information
For those seeking further information, Jep Larkin serves as the Executive Vice President and Chief Financial Officer of Capital City Bank Group, Inc. He can be reached at 850.402.8450 for inquiries regarding the company's financial strategies or dividend policies.
Frequently Asked Questions
What is the amount of the dividend declared by Capital City Bank Group?
The declared quarterly cash dividend is $0.23 per share.
When will the dividend be paid to shareholders?
The dividend is scheduled to be payable on December 23, 2024.
What is the record date for the dividend?
Shareholders need to be on record by December 9, 2024, to qualify for the dividend.
How does the dividend yield of Capital City Bank Group compare in the market?
The annualized dividend yield is approximately 2.40%, based on the stock price as of November 20, 2024.
Who can I contact for more details about Capital City Bank Group?
Jep Larkin, the Executive Vice President and CFO, is available for inquiries at 850.402.8450.
