Capital City Bank Group, Inc. Increases Cash Dividend

Rhea-AI Summary

Capital City Bank Group, Inc. (NASDAQ: CCBG) has announced a 9.5% increase in its quarterly cash dividend. The Board of Directors declared a dividend of $0.23 per share, up from the previous $0.21 per share. This increase results in an annualized dividend rate of $0.92 per common share. The dividend will be payable on September 23, 2024, to shareholders of record as of September 9, 2024. Based on the closing stock price of $34.40 on August 28, 2024, the annualized dividend yield stands at 2.67%. This dividend hike demonstrates CCBG's commitment to delivering value to its shareholders and may indicate confidence in the company's financial performance.

Positive

• Quarterly dividend increased by 9.5% to $0.23 per share
• Annualized dividend rate raised to $0.92 per common share
• Current annualized dividend yield of 2.67%

Negative

• None.

News Market Reaction

+0.55%

1 alert

+0.55% News Effect

On the day this news was published, CCBG gained 0.55%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

TALLAHASSEE, Fla., Aug. 29, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Capital City Bank Group, Inc. (NASDAQ: CCBG) declared a quarterly cash dividend on its common stock of $0.23 per share. It represents a 9.5% increase over the prior quarter dividend of $0.21 per share. The dividend produces an annualized rate of $0.92 per common share and is payable on September 23, 2024 to shareowners of record as of September 9, 2024. The annualized dividend yield is 2.67% based on a closing stock price of $34. 40 on August 28, 2024.

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 $4.2 billion in assets. We provide a full range of banking services, including traditional deposit and credit services, mortgage banking, asset management, trust, merchant services, bankcards, securities brokerage services and financial advisory services, including the sale of life insurance, risk management and asset protection services. Our bank subsidiary, Capital City Bank, was founded in 1895 and now has 63 banking offices and 105 ATMs/ITMs in Florida, Georgia, and Alabama. For more information about Capital City Bank Group, Inc., visit www.ccbg.com.

For Information Contact:
Jep Larkin
Executive Vice President and Chief Financial Officer
850.402.8450

FAQ

What is the new quarterly dividend for Capital City Bank Group (CCBG)?

Capital City Bank Group (CCBG) has increased its quarterly dividend to $0.23 per share, representing a 9.5% increase from the previous $0.21 per share.

When will CCBG pay its next dividend?

CCBG will pay its next dividend on September 23, 2024, to shareholders of record as of September 9, 2024.

What is the annualized dividend yield for CCBG based on the recent stock price?

Based on the closing stock price of $34.40 on August 28, 2024, CCBG's annualized dividend yield is 2.67%.

How much has CCBG increased its dividend?

CCBG has increased its quarterly dividend by 9.5%, from $0.21 per share to $0.23 per share.