Civista Bancshares Approves Quarterly 16-Cent Dividend
Civista Bancshares Declares Quarterly Dividend
Civista Bancshares, Inc. (NASDAQ: CIVB) has recently announced that its Board of Directors has approved a quarterly dividend of 16 cents per common share. This dividend is set for shareholders who are on record as of the specified date, thus continuing Civista's tradition of rewarding its investors.
Financial Overview
The dividend payout amounts to approximately $2.5 million, reaffirming Civista's financial stability and commitment to returning value to its shareholders. With the company's closing stock price of $17.84 on the announcement date, the quarterly dividend equates to an annualized yield of 3.59%. This yield is an attractive proposition for investors looking at dividends as a part of their investment strategy.
About Civista Bancshares, Inc.
Civista Bancshares, Inc. is a robust financial holding company with assets amounting to $4.0 billion. The company is based in a strategic location and operates through its main subsidiary, Civista Bank, which has a rich history dating back to 1884. Civista Bank provides comprehensive banking services, including commercial lending, mortgage services, and wealth management to its customers. Currently, it boasts 43 banking locations that serve the needs of customers across the regional landscape.
Service Expansion
In addition to traditional banking services, Civista Bank has expanded its portfolio to include commercial equipment leasing services, providing additional financial solutions for businesses across the nation. This service is channeled through the Civista Leasing and Finance Division, which has a commitment to tailored financial services that meet the unique needs of businesses.
Commitment to Shareholders
Civista Bancshares takes pride in its ability to navigate the financial landscape effectively, as demonstrated through its continuous dividend declarations. The company remains focused on its strategic goals, fostering growth and ensuring operational efficiency, which are vital for maintaining upward trends in profitability and shareholder satisfaction.
Frequently Asked Questions
What is the declared dividend per share by Civista Bancshares?
Civista Bancshares has declared a quarterly dividend of 16 cents per common share.
How much is the total dividend payout?
The total dividend payout is approximately $2.5 million.
What is the annualized yield based on the current stock price?
The annualized yield based on the current stock price of $17.84 is 3.59%.
When will the dividend be paid?
The dividend is set to be payable on a specific date following the record date for shareholders.
What services does Civista Bank offer?
Civista Bank provides full-service banking, commercial lending, mortgage, wealth management services, and commercial equipment leasing.
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