Citizens & Northern Co. (NASDAQ:CZNC – Get Free Report) declared a quarterly dividend on Thursday, October 17th, Zacks reports. Shareholders of record on Monday, October 28th will be paid a dividend of 0.28 per share by the financial services provider on Friday, November 8th. This represents a $1.12 annualized dividend and a yield of 5.89%. The ex-dividend date of this dividend is Monday, October 28th.
Citizens & Northern has raised its dividend by an average of 1.2% annually over the last three years. Citizens & Northern has a payout ratio of 62.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Citizens & Northern to earn $1.80 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 62.2%.
Citizens & Northern Price Performance
CZNC stock opened at $19.01 on Friday. The firm has a 50 day moving average of $19.42 and a 200-day moving average of $18.51. The company has a market cap of $292.30 million, a price-to-earnings ratio of 12.51 and a beta of 0.45. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.86. Citizens & Northern has a 12-month low of $16.50 and a 12-month high of $23.50.
About Citizens & Northern
Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides various banking and related services to individual and corporate customers. Its deposit products include various types of checking accounts, passbook and statement savings, money market accounts, interest checking accounts, and individual retirement accounts, as well as certificates of deposit; and lending products, including commercial, mortgage, and consumer loans, as well as specialized instruments, such as commercial letters-of-credit.
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