Capital City Bank Group Plans Quarterly Dividend of $0.27 (NASDAQ:CCBG)

Key Points

• Capital City Bank Group declared a quarterly dividend of $0.27 per share, payable September 22 to shareholders of record on September 8. The dividend implies an annualized yield of approximately 2.1%.
• The company has raised its dividend for 11 consecutive years, with a current payout ratio of 33.4%. Expected earnings suggest the $1.08 annual dividend remains well covered, with a projected future payout ratio of 28.8%.
• Capital City Bank Group beat quarterly earnings expectations, reporting $0.95 per share versus the $0.90 consensus estimate, while revenue reached $64.80 million compared with $64.25 million expected.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) announced a quarterly dividend on Thursday, August 27th. Stockholders of record on Tuesday, September 8th will be paid a dividend of 0.27 per share by the financial services provider on Tuesday, September 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Tuesday, September 8th.

Capital City Bank Group has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 11 years. Capital City Bank Group has a payout ratio of 33.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Capital City Bank Group to earn $3.75 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 28.8%.

Capital City Bank Group Stock Performance

Shares of CCBG stock opened at $51.18 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.06. The company has a 50 day moving average price of $50.70 and a 200-day moving average price of $46.80. Capital City Bank Group has a 52 week low of $38.27 and a 52 week high of $53.60. The firm has a market capitalization of $875.84 million, a PE ratio of 14.22 and a beta of 0.31.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.05. Capital City Bank Group had a net margin of 21.37% and a return on equity of 11.11%. The company had revenue of $64.80 million for the quarter, compared to the consensus estimate of $64.25 million. As a group, equities research analysts expect that Capital City Bank Group will post 3.69 earnings per share for the current year.

About Capital City Bank Group

Capital City Bank Group, Inc is a Florida‐based bank holding company headquartered in Tallahassee. As the parent of Capital City Bank, it offers a full suite of financial services through a network of community banking offices. The company traces its origins to the late 19th century, reflecting more than a century of continuous operation in its home market.

Through its banking subsidiary, Capital City Bank Group provides retail and commercial banking products, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury management services.

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