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

Citizens & Northern Corp (NASDAQ:CZNC) declared a quarterly dividend on Thursday, January 22nd. Stockholders of record on Monday, February 2nd will be given a dividend of 0.28 per share by the financial services provider on Friday, February 13th. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Monday, February 2nd.

Citizens & Northern has decreased its dividend by an average of 0.0%per year over the last three years. Citizens & Northern has a dividend payout ratio of 56.0% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Performance

Shares of CZNC stock traded down $0.68 on Friday, reaching $21.71. The stock had a trading volume of 29,734 shares, compared to its average volume of 42,038. Citizens & Northern has a 12 month low of $18.02 and a 12 month high of $22.68. The firm has a market capitalization of $386.35 million, a price-to-earnings ratio of 12.33 and a beta of 0.56. The firm’s 50-day moving average is $20.61 and its two-hundred day moving average is $19.94. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.59.

Citizens & Northern (NASDAQ:CZNC) last posted its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). The business had revenue of $29.57 million for the quarter, compared to the consensus estimate of $28.50 million. Citizens & Northern had a return on equity of 9.75% and a net margin of 16.81%. On average, research analysts expect that Citizens & Northern will post 1.91 EPS for the current fiscal year.

Citizens & Northern Company Profile

Citizens & Northern Corporation is the bank holding company for Citizens & Northern Bank, a community-oriented financial institution headquartered in Wellsboro, Pennsylvania. Chartered in 1888, the company has cultivated deep roots in north central Pennsylvania and selected counties in upstate New York, offering a broad spectrum of banking services tailored to individuals, families and local businesses.

Through its flagship banking subsidiary, Citizens & Northern provides personal deposit products such as checking and savings accounts, certificates of deposit and money market accounts.