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

Citizens & Northern Corp (NASDAQ:CZNC) declared a quarterly dividend on Thursday, April 23rd. Stockholders of record on Monday, May 4th will be paid a dividend of 0.28 per share by the financial services provider on Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Monday, May 4th.

Citizens & Northern has raised its dividend payment by an average of 0.0%per year over the last three years. Citizens & Northern has a payout ratio of 56.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Citizens & Northern to earn $2.70 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 41.5%.

Citizens & Northern Stock Up 0.4%

Citizens & Northern stock traded up $0.10 during trading hours on Friday, hitting $23.10. The company had a trading volume of 2,900 shares, compared to its average volume of 45,449. The firm has a market capitalization of $413.74 million, a P/E ratio of 15.61 and a beta of 0.50. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.91. The firm’s fifty day moving average is $22.76 and its 200-day moving average is $21.33. Citizens & Northern has a fifty-two week low of $18.02 and a fifty-two week high of $24.11.

Citizens & Northern (NASDAQ:CZNC) last released its quarterly earnings data on Wednesday, January 28th. The financial services provider reported $0.56 earnings per share for the quarter. The firm had revenue of $64.78 million for the quarter. Citizens & Northern had a net margin of 13.75% and a return on equity of 9.79%. On average, research analysts forecast that Citizens & Northern will post 2.5 earnings per share for the current 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.