CB Financial Services, Inc. Announces Quarterly Cash Dividend

Rhea-AI Summary

CB Financial Services has declared a $0.24 cash dividend per share, with a payment date set for September 17, 2020. Stockholders on record by September 7, 2020 will receive the dividend. The company, a holding entity for Community Bank, operates 24 locations across Pennsylvania and West Virginia, offering various retail and commercial banking services, as well as insurance brokerage through its subsidiary. This dividend declaration reflects the company’s commitment to returning value to its shareholders.

Positive

• Declaration of a $0.24 quarterly cash dividend demonstrates financial stability.
• Commitment to returning value to shareholders could enhance investor confidence.

Negative

• None.

News Market Reaction – CBFV

-0.49%

-0.49% Session move

In the trading session that priced this news, CBFV declined 0.49%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

WASHINGTON, Pa., Aug. 19, 2020 (GLOBE NEWSWIRE) -- CB Financial Services, Inc. (NASDAQGM: CBFV), the holding company for Community Bank, today announced that its Board of Directors has declared a $0.24 quarterly cash dividend per outstanding share of common stock, payable on or about September 17, 2020, to stockholders of record as of the close of business on September 7, 2020.

About CB Financial Services, Inc.

CB Financial Services, Inc. is the bank holding company for Community Bank, a Pennsylvania-chartered commercial bank. Community Bank operates sixteen offices in Greene, Allegheny, Washington, Fayette, and Westmoreland Counties in southwestern Pennsylvania, seven offices in Brooke, Marshall, Ohio, Upshur and Wetzel Counties in West Virginia, and one office in Belmont County in Ohio. Community Bank offers a broad array of retail and commercial lending and deposit services and provides commercial and personal insurance brokerage services through Exchange Underwriters, Inc., its wholly owned subsidiary.

For more information about CB Financial Services, Inc. and Community Bank, visit our website at www.communitybank.tv.

Contact:
Barron P. McCune, Jr.
President and Chief Executive Officer
Phone: (724) 225-2400
Fax: (724) 225-4903

 

FAQ

What is the dividend amount declared by CB Financial Services?

CB Financial Services has declared a $0.24 quarterly cash dividend per share.

When will the dividend be paid?

The dividend is payable on September 17, 2020.

What is the record date for the dividend payment?

The record date for the dividend payment is September 7, 2020.

How many offices does Community Bank operate?

Community Bank operates 24 offices across Pennsylvania and West Virginia.