Commercial National Financial Corporation Announces Share Repurchase Program & Quarterly Dividend

Rhea-AI Summary

Commercial National Financial Corporation (CEFC) has announced two significant shareholder-focused initiatives. The Board of Directors has approved a $1 million share repurchase program with indefinite authorization, allowing the company to repurchase shares at its discretion based on factors including share price and market conditions. Additionally, CEFC declared a quarterly cash dividend of $0.14 per share, payable on July 1, 2025, to shareholders of record on June 13, 2025. Based on the recent closing price of $10.45 per share, this represents an annualized dividend yield of 5.36%.

Positive

• Board approved $1 million share repurchase program
• Quarterly dividend of $0.14 per share maintains attractive 5.36% annualized yield
• Indefinite authorization provides flexibility for buyback execution

Negative

• None.

Share Repurchase Program
ITHACA, Mich., May 22, 2025 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (Pink Sheets: CEFC) announced today that their Board of Directors had approved a resolution to establish a share repurchase program.  The resolution authorized the repurchase of up to AN AGGREGATE purchase amount of $1,000,000.

The authorization remains in effect indefinitely. CEFC may repurchase shares under the program at its discretion, taking into account factors such as the share price, market conditions, share availability, and other relevant considerations.  There is no guarantee that any specific number of shares will be repurchased, and CEFC may modify, renew, suspend, or terminate the program at any time without prior notice.

For further information, please contact our primary market maker:
Nick Bicking at D.A. Davidson & Co.
Office: (614) 710-7060
Cell: (614) 638-4584

Quarterly Dividend
Commercial National Financial Corporation announced that their Board of Directors declared a regular quarterly cash dividend of 14 cents per share. The dividend is payable July 1, 2025 to shareholders of record on June 13, 2025. Based on a recent closing price of $10.45 per share, the annualized dividend yield is 5.36%.

About CEFC
Commercial National Financial Corporation (Pink Sheets: CEFC) is the holding company of Commercial Bank, a state-chartered community bank headquartered in Ithaca, Michigan. Commercial Bank was established in 1893 and has been dedicated to meeting the banking needs of the communities it serves for over 130 years. The Bank has locations throughout five Michigan counties: Gratiot, Ingham, Montcalm, Barry, and Ottawa.

Visit https://www.commercial-bank.com/about-us/investor-information.html to view the latest news releases and other information about CEFC.

FAQ

What is the size of CEFC's share repurchase program announced in May 2025?

CEFC announced a share repurchase program with an aggregate purchase amount of up to $1,000,000.

When will CEFC pay its quarterly dividend announced in May 2025?

CEFC will pay its quarterly dividend of $0.14 per share on July 1, 2025, to shareholders of record on June 13, 2025.

What is CEFC's dividend yield based on the announcement?

Based on the closing price of $10.45 per share, CEFC's annualized dividend yield is 5.36%.

How long will CEFC's share repurchase authorization remain in effect?

The share repurchase authorization remains in effect indefinitely, though CEFC may modify, suspend, or terminate the program at any time.