CNB Financial Announces Quarterly Dividend for Series A Preferred Stock and Related Depositary Shares Distribution

Rhea-AI Summary

The Board of Directors of CNB Financial Corporation (CCNE) has declared a quarterly cash dividend of $0.4453125 per depositary share, stemming from a $17.8125 per share dividend on its Series A Preferred Stock. This dividend is set to be paid on June 1, 2021, to shareholders recorded as of May 18, 2021. CNB Financial Corporation, with consolidated assets of approximately $4.9 billion, operates primarily through CNB Bank, which offers a comprehensive range of banking services across Pennsylvania, Ohio, and New York.

Positive

• Quarterly cash dividend of $0.4453125 per depositary share announced.
• Dividend payment scheduled for June 1, 2021, reflecting shareholder returns.

Negative

• None.

CLEARFIELD, Pa., May 03, 2021 (GLOBE NEWSWIRE) --

The Board of Directors of CNB Financial Corporation (Nasdaq: CCNE) (the "Corporation") has announced the declaration of a quarterly cash dividend of $0.4453125 per depositary share, resulting from the Corporation’s declaration of a $17.8125 per share dividend on its Series A Preferred Stock. The dividend is payable on June 1, 2021, for holders of record as of May 18, 2021.

CNB Financial Corporation is a financial holding company with consolidated assets of approximately $4.9 billion. CNB Financial Corporation conducts business primarily through its principal subsidiary, CNB Bank. CNB Bank is a full-service bank engaging in a full range of banking activities and services, including trust and wealth management services, for individual, business, governmental, and institutional customers. CNB Bank operations include a private banking division, one loan production office, one drive-up office and 44 full-service offices in Pennsylvania, Ohio, and New York. CNB Bank’s divisions include ERIEBANK, based in Erie, Pennsylvania, with offices in northwest Pennsylvania and northeast Ohio; FCBank, based in Worthington, Ohio, with offices in central Ohio; and BankOnBuffalo, based in Buffalo, New York, with offices in northern New York. CNB Bank is headquartered in Clearfield, Pennsylvania, with offices in central and north central Pennsylvania. Additional information about CNB Financial Corporation may be found at www.CNBBank.bank.

Contact: Tito L. Lima
Treasurer
(814) 765-9621

FAQ

What is the dividend amount declared by CNB Financial Corporation (CCNE)?

The dividend amount declared is $0.4453125 per depositary share.

When will the dividend be paid for CNB Financial Corporation (CCNE)?

The dividend will be paid on June 1, 2021.

What is the record date for the dividend payment by CNB Financial Corporation (CCNE)?

The record date for the dividend payment is May 18, 2021.

How does CNB Financial Corporation's dividend impact shareholders?

The dividend reflects the corporation's commitment to returning value to shareholders.