Capital City Bank Group, Inc. Announces Dividend Increase
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Capital City Bank Group, Inc. Increases Cash Dividend
The Board of Directors of Capital City Bank Group, Inc. (NASDAQ: CCBG) has declared a quarterly cash dividend of $0.23 per share, reflecting a 9.5% increase from the prior quarter's dividend of $0.21 per share. This increase in dividend signifies the company's positive performance and commitment to enhancing shareholder value.
Financial Impact of the Dividend Increase
The newly declared dividend translates to an annualized rate of $0.92 per common share. This increase is a positive indicator for investors, providing an annualized dividend yield of 2.67%, based on a closing stock price of $34.40. Shareholders can expect this dividend to be payable shortly.
About Capital City Bank Group, Inc.
Capital City Bank Group, Inc. is recognized as one of the leading publicly traded financial holding companies, with significant assets totaling approximately $4.2 billion. The organization offers a comprehensive suite of banking services ranging from traditional deposit accounts to credit services, mortgage banking, and asset management.
Services Offered by Capital City Bank Group, Inc.
The financial institution provides an extensive array of services, including trust services, merchant services, bankcards, securities brokerage options, and financial advisory services. Additionally, they not only offer traditional banking products but also specialize in life insurance, risk management, and asset protection services, demonstrating their versatility in the financial sector.
Established History and Regional Presence
Capital City Bank, the bank subsidiary of Capital City Bank Group, Inc., has been a fundamental part of the community since its inception in 1895. Currently, it boasts 63 banking offices and 105 ATMs/ITMs across Florida, Georgia, and Alabama, emphasizing the bank's widespread influence in these regions.
Commitment to Growth and Service
Capital City Bank Group, Inc. continues to prioritize its growth strategy while enhancing its service offerings. By expanding its financial service portfolio, the company is well-positioned to meet the evolving needs of its customers and attract new clients looking for financial solutions.
Contact Information
For additional inquiries or further information regarding Capital City Bank Group, Inc., individuals can reach out to:
Jep Larkin
Executive Vice President and Chief Financial Officer
Phone: 850.402.8450
Frequently Asked Questions
What is the newly declared cash dividend by Capital City Bank Group, Inc.?
The company declared a quarterly cash dividend of $0.23 per share, marking a 9.5% increase.
When is the new dividend payable?
The dividend will be payable on September 23 to shareholders of record as of September 9.
What is the annualized dividend yield based on the current stock price?
The annualized dividend yield is 2.67%, based on a closing stock price of $34.40.
What services does Capital City Bank Group, Inc. offer?
They offer a range of services including banking, asset management, mortgage banking, and financial advisory services.
When was Capital City Bank founded?
Capital City Bank was founded in 1895 and has a long-standing history in the financial sector.
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