Isabella Bank's Third Quarter Dividend Declaration Details
Isabella Bank Corporation Declares Third Quarter Dividend
Isabella Bank Corporation (OTCQX: ISBA) has recently announced a cash dividend of $0.28 per common share for the third quarter. The decision was made during the Board of Directors' regular meeting, where the focus remains steadfast on enhancing shareholder value through strategic financial management.
Details of the Dividend Announcement
The third-quarter dividend of $0.28 per share exemplifies the corporation's ongoing dedication to rewarding its shareholders. This dividend is scheduled for payment on September 30 to those who are shareholders of record as of September 26. With a closing stock price of $19.15 on the day of the announcement, this places the annualized cash dividend yield at a remarkable 5.85%.
Leadership's Commitment to Shareholder Value
In sharing this news, Jerome E. Schwind, the President and CEO of Isabella Bank Corporation, expressed satisfaction with the dividend declaration. He emphasized the continuous effort to enhance financial performance through strategic initiatives. The focus on delivering an attractive return for shareholders is a reflection of the bank's commitment to its investors.
About Isabella Bank Corporation
Isabella Bank Corporation serves as the parent holding company for Isabella Bank, a community bank established in 1903. With over 120 years of service, the bank has built a solid reputation in providing essential financial services. It offers personal and commercial lending, deposit products, and comprehensive investment, trust, and estate planning services to its clients across Mid-Michigan.
Bank Locations and Services
Isabella Bank operates across eight counties, ensuring a broad reach to serve the local communities effectively. The bank is dedicated to addressing the banking needs of its customers with tailored services designed to foster long-term relationships.
Frequently Asked Questions
What is the recent dividend declared by Isabella Bank Corporation?
The recent dividend declared is $0.28 per common share for the third quarter.
When will the dividend be paid to shareholders?
The dividend will be payable on September 30, 2024, to shareholders of record as of September 26, 2024.
How does the dividend yield compare to the stock price?
With a stock price of $19.15, the annualized dividend yield stands at 5.85% based on the recent announcement.
Who is the CEO of Isabella Bank Corporation?
The CEO is Jerome E. Schwind, who has highlighted the bank's commitment to enhancing shareholder value.
What services does Isabella Bank provide?
Isabella Bank offers personal and commercial lending, deposit products, investment services, and estate planning among others.
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