CNB Financial Announces Second Quarter Dividend

Rhea-AI Summary

CNB Financial Corporation (Nasdaq: CCNE) has declared a quarterly dividend of 17.0 cents per share, payable on June 15, 2020, to shareholders of record as of June 1, 2020. The company, with consolidated assets of approximately $4.0 billion, operates through its principal subsidiary, CNB Bank, which offers a full range of banking services across Pennsylvania, Ohio, and New York. CNB Bank includes multiple divisions such as ERIEBANK, FCBank, and BankOnBuffalo.

Positive

• Quarterly dividend of 17.0 cents per share confirms company profitability and shareholder income.
• Total consolidated assets of approximately $4.0 billion reflects solid financial stability.
• Diverse banking services across multiple states enhance market reach.

Negative

• None.

News Market Reaction – CCNE

+8.47%

1 alert

+8.47% News Effect

On the day this news was published, CCNE gained 8.47%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

CLEARFIELD, Penn., May 19, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of CNB Financial Corporation [Nasdaq: CCNE] has announced the declaration of 17.0 cents per share quarterly dividend payable on June 15, 2020 to shareholders of record on June 1, 2020.

CNB Financial Corporation is a financial holding company with consolidated assets of approximately $4.0 billion that conducts business primarily through CNB Bank, CNB Financial Corporation’s principal subsidiary. 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 and 42 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 northwest New York. CNB Bank is headquartered in Clearfield, Pennsylvania with offices in central and north central Pennsylvania.

For further information regarding the stock of CNB Financial Corporation, please call (814) 765-9621, CNB Bank Stock Transfer Department or contact any brokerage firm. The identifying symbol for this security is CCNE.

CNB Bank websites can be found at www.CNBBank.bank, www.ERIEBANK.bank, www.FCBank.bank, and www.BankOnBuffalo.bank.

 

FAQ

What is the dividend amount for CNB Financial Corporation?

The dividend amount is 17.0 cents per share.

When is the dividend payment date for CCNE?

The dividend payment date is June 15, 2020.

Who is eligible for the dividend from CNB Financial Corporation?

Shareholders of record on June 1, 2020, are eligible for the dividend.

How often does CNB Financial Corporation pay dividends?

CNB Financial Corporation typically pays dividends on a quarterly basis.