Citizens & Northern Corp (NASDAQ:CZNC) Announces Quarterly Dividend of $0.28

Key Points

• Citizens & Northern Corp announced a quarterly dividend of $0.28 per share, with an ex-dividend date of November 3rd, offering an annual yield of 5.8%.
• The company reported a dividend payout ratio of 56.0%, indicating that it is sufficiently covered by earnings to maintain its dividend payments.
• Citizens & Northern's stock traded at $19.44 with a market cap of $301.63 million, and the company is expected to earn $2.02 per share next year.

Citizens & Northern Corp (NASDAQ:CZNC - Get Free Report) announced a quarterly dividend on Thursday, October 23rd. Investors of record on Monday, November 3rd will be given a dividend of 0.28 per share by the financial services provider on Friday, November 14th. This represents a c) dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Monday, November 3rd.

Citizens & Northern has a dividend payout ratio of 56.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Citizens & Northern to earn $2.02 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 55.4%.

Citizens & Northern Trading Up 1.0%

CZNC traded up $0.20 on Friday, reaching $19.44. 15,081 shares of the company's stock were exchanged, compared to its average volume of 35,940. The company's 50 day moving average is $19.79 and its 200-day moving average is $19.33. The company has a market cap of $301.63 million, a price-to-earnings ratio of 11.11 and a beta of 0.56. Citizens & Northern has a twelve month low of $17.85 and a twelve month high of $22.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.94 and a current ratio of 0.94.

Citizens & Northern (NASDAQ:CZNC - Get Free Report) last posted its earnings results on Tuesday, June 15th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter. Citizens & Northern had a net margin of 16.77% and a return on equity of 9.60%. The firm had revenue of $26.87 million during the quarter. Equities analysts predict that Citizens & Northern will post 1.91 earnings per share for the current year.

Citizens & Northern Company Profile

Citizens & Northern Corp. is a holding company, which engages in community banking. It provides a full range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York State. The firm's lending products include mortgage loans, commercial loans, and consumer loans.

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