Prime Meridian Holding (OTCMKTS:PMHG) Announces Dividend Increase – $1.00 Per Share

Prime Meridian Holding (OTCMKTS:PMHG) declared an annual dividend on Thursday, January 16th,NASDAQ Dividends reports. Shareholders of record on Friday, February 7th will be given a dividend of 1.00 per share on Friday, February 28th. This represents a yield of 3.57%. The ex-dividend date of this dividend is Friday, February 7th. This is a boost from Prime Meridian’s previous annual dividend of $0.25.

Prime Meridian Price Performance

PMHG stock traded down $0.11 during trading on Wednesday, hitting $27.89. The company had a trading volume of 3,151 shares, compared to its average volume of 1,973. The firm has a market capitalization of $91.76 million, a price-to-earnings ratio of 10.89 and a beta of 0.51. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average of $28.98 and a 200 day moving average of $26.61. Prime Meridian has a fifty-two week low of $20.15 and a fifty-two week high of $30.99.

Prime Meridian (OTCMKTS:PMHG) last announced its earnings results on Thursday, January 30th. The company reported $0.65 earnings per share (EPS) for the quarter. Prime Meridian had a return on equity of 10.05% and a net margin of 16.86%.

About Prime Meridian

Prime Meridian Holding Company operates as the bank holding company for Prime Meridian Bank that provides various consumer and commercial banking services to individuals and businesses. The company accepts various deposits, such as checking, money market, savings, term certificate of deposit, demand interest-bearing and noninterest-bearing, health savings, NOW, and escrow accounts, as well as retirement savings plans and time deposits.