Capital City Bank Group, Inc. Increases Cash Dividend
The Board of Directors of Capital City Bank Group, Inc. (NASDAQ: CCBG) has declared a quarterly cash dividend of $.16 per share, marking a 6.7% increase from the previous quarter's $.15.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
The Board of Directors of Capital City Bank Group, Inc. (NASDAQ: CCBG) has declared a quarterly cash dividend of $.16 per share, marking a 6.7% increase from the previous quarter's $.15. This dividend results in an annualized rate of $.64 per share and will be payable on September 27 to shareholders on record as of September 13. The annualized dividend yield stands at 2.74% based on the closing stock price of $23.36 on August 25, 2021.
Positive
- Quarterly cash dividend increased by 6.7%.
- Annualized dividend yield of 2.74%.
- Company demonstrates confidence in financial stability.
Negative
- None.
Details
News Market Reaction – CCBG
The recorded move for CCBG in the trading session of this news was +2.91%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
TALLAHASSEE, Fla., Aug. 26, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Capital City Bank Group, Inc. (NASDAQ: CCBG) declared a quarterly cash dividend on its common stock of $.16 per share. It represents a
About Capital City Bank Group, Inc.
Capital City Bank Group, Inc. (NASDAQ: CCBG) is one of the largest publicly traded financial holding companies headquartered in Florida and has approximately
For Information Contact:
J. Kimbrough Davis
Executive Vice President and Chief Financial Officer
850.402.7820
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