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

Citizens & Northern Corp (NASDAQ:CZNC - Get Free Report) declared a quarterly dividend on Thursday, July 24th, RTT News reports. Investors of record on Monday, August 4th will be paid a dividend of 0.28 per share by the financial services provider on Friday, August 15th. This represents a $1.12 annualized dividend and a dividend yield of 5.76%. The ex-dividend date of this dividend is Monday, August 4th.

Citizens & Northern has a dividend payout ratio of 56.0% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of Citizens & Northern stock traded up $0.23 during trading on Monday, hitting $19.45. 21,708 shares of the company were exchanged, compared to its average volume of 26,244. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.69. Citizens & Northern has a fifty-two week low of $17.25 and a fifty-two week high of $22.68. The stock has a market capitalization of $301.28 million, a price-to-earnings ratio of 11.11 and a beta of 0.49. The firm has a 50 day moving average price of $19.14 and a 200 day moving average price of $19.71.

Insider Buying and Selling

In other news, Director Terry L. Lehman bought 1,400 shares of the stock in a transaction on Tuesday, April 29th. The stock was purchased at an average cost of $18.70 per share, with a total value of $26,180.00. Following the purchase, the director owned 28,237 shares of the company's stock, valued at approximately $528,031.90. The trade was a 5.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Over the last three months, insiders have purchased 1,860 shares of company stock valued at $35,045. 4.49% of the stock is currently owned by insiders.

Institutional Trading of Citizens & Northern

A hedge fund recently bought a new stake in Citizens & Northern stock. Empowered Funds LLC bought a new position in Citizens & Northern Corp (NASDAQ:CZNC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,721 shares of the financial services provider's stock, valued at approximately $236,000. Empowered Funds LLC owned 0.08% of Citizens & Northern as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 30.83% of the company's stock.

About Citizens & Northern

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.