Capital City Bank Group, Inc. Announces Increased Cash Dividend
The Board of Directors at Capital City Bank Group, Inc. (NASDAQ: CCBG) has declared a quarterly cash dividend of $0.23 per share. This marks a 9.5% increase from the previous quarter's dividend of $0.21 per share. This rise in the dividend reflects the company's strong performance and its ongoing commitment to enhancing shareholder value.
Understanding the Financial Implications of the Dividend Increase
The newly announced dividend results in an annualized rate of $0.92 per common share. This increase is a promising sign for investors, offering an annualized dividend yield of 2.67%, calculated from a closing stock price of $34.40. Shareholders can look forward to receiving this dividend soon.
Overview of Capital City Bank Group, Inc.
Capital City Bank Group, Inc. is recognized as a leading publicly traded financial holding company, with substantial assets amounting to approximately $4.2 billion. The organization provides a wide range of banking services, from traditional deposit accounts to credit services, mortgage banking, and asset management.
Range of Services Provided by Capital City Bank Group, Inc.
The bank offers a diverse selection of services, including trust services, merchant services, bankcards, securities brokerage, and financial advisory services. In addition to traditional banking products, they also specialize in life insurance, risk management, and asset protection services, showcasing their adaptability in the financial industry.
Rich History and Regional Impact
Capital City Bank, the banking subsidiary of Capital City Bank Group, Inc., has been a cornerstone of the community since its establishment in 1895. Today, it operates 63 banking offices and 105 ATMs/ITMs across Florida, Georgia, and Alabama, highlighting its significant presence in these areas.
Focus on Growth and Customer Service
Capital City Bank Group, Inc. remains committed to its growth strategy while enhancing its service offerings. By broadening its range of financial services, the company is well-equipped to meet the changing needs of its customers and attract new clients seeking financial solutions.
Contact Information
For more information or inquiries regarding Capital City Bank Group, Inc., please contact:
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 has declared a quarterly cash dividend of $0.23 per share, reflecting a 9.5% increase.
When will the new dividend be payable?
The dividend will be payable on September 23 to shareholders who are on record as of September 9.
What is the annualized dividend yield based on the current stock price?
The annualized dividend yield stands at 2.67%, based on a closing stock price of $34.40.
What services does Capital City Bank Group, Inc. provide?
The bank offers a variety of services, including banking, asset management, mortgage banking, and financial advisory services.
When was Capital City Bank established?
Capital City Bank was founded in 1895 and has a rich history in the financial sector.
