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Ensuring Stability for Investors: Citizens & Northern Maintains Commitment Amidst Challenges and Decreased Profits

Author: Benzinga Insights | November 10, 2023 11:05am

Investors eagerly anticipate the dividend payout from Citizens & Northern (NASDAQ:CZNC) on November 10, 2023. With a payout of $0.28 per share and an annualized dividend yield of 6.28%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on October 27, 2023

Citizens & Northern Recent Dividend Payouts

Ex-Date Payments per year Dividend Yield Announced Record Payable
2023-10-27 4 $0.28 6.28% 2023-10-19 2023-10-30 2023-11-10
2023-07-28 4 $0.28 5.5% 2023-07-20 2023-07-31 2023-08-11
2023-02-02 4 $0.28 4.97% 2023-01-19 2023-02-03 2023-02-14
2022-10-28 4 $0.28 4.65% 2022-10-20 2022-10-31 2022-11-11
2022-07-29 4 $0.28 4.48% 2022-07-21 2022-08-01 2022-08-12
2022-04-29 4 $0.28 4.48% 2022-04-21 2022-05-02 2022-05-13
2022-01-28 4 $0.28 4.29% 2022-01-20 2022-01-31 2022-02-11
2021-10-29 4 $0.28 4.26% 2021-10-21 2021-11-01 2021-11-12
2021-07-30 4 $0.28 4.49% 2021-07-22 2021-08-02 2021-08-13
2021-04-30 4 $0.28 4.7% 2021-04-22 2021-05-03 2021-05-14
2021-01-29 4 $0.27 5.31% 2021-01-21 2021-02-01 2021-02-12
2020-10-30 4 $0.27 6.12% 2020-10-22 2020-11-02 2020-11-13

In the realm of dividend yield, Citizens & Northern reigns supreme among its industry peers, surpassing West Bancorp (NASDAQ:WTBA) with an annualized dividend yield of 6.08%.

Analyzing Citizens & Northern Financial Health

Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.

YoY Growth in Dividend Per Share

dividend chart graph

Investors witnessed an upward trajectory in the company's dividend per share between 2020 and 2022. The dividend per share rose from $1.08 to $1.12, indicating the company's dedication to enhancing shareholder value through increased dividends.

YoY Earnings Growth For Citizens & Northern

earning chart graph

The earnings chart above reveals a decrease in Citizens & Northern's earnings per share, declining from $1.72 in 2020 to $1.67 in 2022. This could raise concerns for income-seeking investors, as it suggests a decline in the company's profitability. It is crucial to closely monitor the situation and assess the factors contributing to this decrease, as it may have implications for future cash dividend payouts.

Recap

This article provides an in-depth analysis of Citizens & Northern's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.28 per share, resulting in an annualized dividend yield of 6.28%.

In the realm of dividend yield, Citizens & Northern reigns supreme among its industry peers, surpassing West Bancorp with an annualized dividend yield of 6.08%.

Considering the increase in dividend per share from 2020 to 2022 alongside a decrease in earnings per share, Citizens & Northern appears to be focusing on maintaining dividend payments even with a decline in profitability.

Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.

[Click here](https://www.compensationrecovery.com/symbol//dividends) to find details on Citizens & Northern's previous dividends.

To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: CZNC WTBA

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