Commercial National Financial Corporation Announces Quarterly Dividend

Rhea-AI Summary

Commercial National Financial Corporation (CEFC) has declared a quarterly cash dividend of 14 cents per share, scheduled for payment on October 3, 2022. Shareholders recorded as of September 16, 2022 will qualify for this dividend. Based on the recent closing price of $11.60 per share, this results in an annualized dividend yield of 4.83%. This move underscores the company's commitment to returning value to its shareholders.

Positive

• Regular quarterly cash dividend of 14 cents per share.
• Annualized dividend yield of 4.83%, indicating strong return for investors.

Negative

• None.

News Market Reaction – CEFC

-0.86%

-0.86% Session move

In the trading session that priced this news, CEFC declined 0.86%, 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.

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ITHACA, Mich., Aug. 18, 2022 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (Pink Sheets: CEFC) announced that the Board of Directors declared a regular quarterly cash dividend of 14 cents per share. The dividend is payable October 3, 2022 to shareholders of record on September 16, 2022.   Based on a recent closing price of $11.60 per share, the annualized dividend yield is 4.83%.

Contact:
Kevin Twardy
CFO and COO
(989) 875-5528

FAQ

What is the dividend amount declared by CEFC?

CEFC declared a cash dividend of 14 cents per share.

When is the dividend payable for CEFC?

The dividend is payable on October 3, 2022.

What is the record date for the CEFC dividend?

The record date for the dividend is September 16, 2022.

What is the annualized dividend yield for CEFC?

The annualized dividend yield is 4.83% based on a closing price of $11.60.