Citizens & Northern Co. (NASDAQ:CZNC) Announces $0.28 Quarterly Dividend

Citizens & Northern Co. (NASDAQ:CZNC) declared a quarterly dividend on Thursday, October 17th, Zacks reports. Investors 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 5.79%. The ex-dividend date of this dividend is Monday, October 28th.

Citizens & Northern has increased its dividend by an average of 1.2% per year over the last three years. Citizens & Northern has a dividend payout ratio of 62.2% meaning its dividend is sufficiently covered by earnings. 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

Shares of CZNC stock opened at $19.33 on Friday. Citizens & Northern has a twelve month low of $16.50 and a twelve month high of $23.50. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.86. The stock has a fifty day simple moving average of $19.39 and a two-hundred day simple moving average of $18.46. The stock has a market capitalization of $297.22 million, a price-to-earnings ratio of 12.72 and a beta of 0.45.

Citizens & Northern (NASDAQ:CZNC) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The company had revenue of $27.50 million during the quarter, compared to analyst estimates of $26.90 million. Citizens & Northern had a net margin of 15.75% and a return on equity of 9.06%. On average, analysts predict that Citizens & Northern will post 1.66 EPS for the current fiscal year.

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.