Citizens & Northern Co. (CZNC) to Issue $0.27 Quarterly Dividend

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Citizens & Northern Co. (NASDAQ:CZNC) declared a quarterly dividend on Thursday, January 17th, NASDAQ reports. Shareholders of record on Monday, January 28th will be given a dividend of 0.27 per share by the financial services provider on Friday, February 8th. This represents a $1.08 annualized dividend and a dividend yield of 4.24%. The ex-dividend date is Friday, January 25th.

Citizens & Northern has increased its dividend by an average of 1.3% per year over the last three years. Citizens & Northern has a payout ratio of 67.9% indicating that its dividend is sufficiently covered by earnings.

Shares of CZNC traded down $0.01 during midday trading on Thursday, hitting $25.46. 441 shares of the company traded hands, compared to its average volume of 14,099. Citizens & Northern has a 52 week low of $22.00 and a 52 week high of $28.99. The company has a market capitalization of $309.67 million, a PE ratio of 16.35 and a beta of 0.41. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.17.

Citizens & Northern (NASDAQ:CZNC) last announced its quarterly earnings results on Thursday, January 17th. The financial services provider reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.04. Citizens & Northern had a net margin of 27.35% and a return on equity of 9.97%.

Separately, BidaskClub downgraded shares of Citizens & Northern from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 9th.

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About Citizens & Northern

Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides a range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York. The company offers deposit products, including various types of checking accounts, passbook and statement savings accounts, money market accounts, interest checking accounts, individual retirement accounts, and certificates of deposits, as well as non-insured RepoSweep accounts.

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Dividend History for Citizens & Northern (NASDAQ:CZNC)

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