Citizens & Northern Corp (CZNC) to Distribute Quarterly Dividend of $0.30 on November 13th

Citizens & Northern Corp (NASDAQ:CZNC) declared a quarterly dividend on Thursday, October 22nd. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.30 per share by the financial services provider on Friday, November 13th. This represents a $1.20 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, November 2nd. This is a 7.1% increase from Citizens & Northern’s previous quarterly dividend of $0.28.

Citizens & Northern has a payout ratio of 60.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Citizens & Northern to earn $2.75 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 43.6%.

Citizens & Northern Price Performance

CZNC stock opened at $28.03 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.91 and a quick ratio of 0.91. The business has a 50 day simple moving average of $25.87 and a 200-day simple moving average of $23.55. The firm has a market capitalization of $502.72 million, a PE ratio of 18.94 and a beta of 0.41. Citizens & Northern has a 1 year low of $18.87 and a 1 year high of $28.49.

Citizens & Northern (NASDAQ:CZNC) last released its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.24. The company had revenue of $39.56 million for the quarter, compared to analyst estimates of $42.28 million. Citizens & Northern had a return on equity of 9.54% and a net margin of 13.28%. Equities research analysts anticipate that Citizens & Northern will post 2.45 earnings per share for the current fiscal year.

Citizens & Northern Company Profile

Citizens & Northern Corporation is a bank holding company headquartered in Wellsboro, Pennsylvania. Through its principal subsidiary, Citizens & Northern Bank, the company provides community banking services to individuals, families, businesses and organizations.

The bank offers deposit accounts, consumer and commercial lending, residential mortgages, agricultural loans, cash-management services and online and mobile banking. It also provides wealth management, trust and investment services, as well as insurance and other financial solutions through affiliated businesses and service providers.

Founded in 1864, Citizens & Northern has a long history of serving communities in north-central Pennsylvania and nearby areas of southern New York.