Civista Bancshares, Inc. Declares First Quarter Common Dividend
Civista Bancshares (NASDAQ:CIVB) has announced a quarterly dividend increase of 1 cent to 17 cents per common share.
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Rhea-AI Summary
Civista Bancshares (NASDAQ:CIVB) has announced a quarterly dividend increase of 1 cent to 17 cents per common share. The dividend will be payable on February 18, 2025, to shareholders of record as of February 4, 2025, representing a total payout of approximately $2.7 million. Based on the closing stock price of $21.30 on January 21, 2025, this dividend yields an annualized 3.19%.
Civista Bancshares is a $4.1 billion financial holding company headquartered in Sandusky, Ohio. Its main subsidiary, Civista Bank, founded in 1884, operates 42 locations across Ohio, Southeastern Indiana, and Northern Kentucky, offering full-service banking, commercial lending, mortgage, and wealth management services. The company's Civista Leasing & Finance division provides commercial equipment leasing services nationwide.
Positive
- Dividend increased by 1 cent to 17 cents per share
- Substantial total dividend payout of $2.7 million
- Attractive annualized dividend yield of 3.19%
- Strong asset base of $4.1 billion
- Broad operational presence across three states with 42 locations
Negative
- None.
Details
News Market Reaction – CIVB
The recorded move for CIVB in the trading session of this news was -1.13%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
This dividend represents a payout of approximately
About Civista Bancshares, Inc.:
Civista Bancshares, Inc., is a
This press release may contain forward-looking statements regarding the financial performance, business prospects, growth and operating strategies of Civista. For these statements, Civista claims the protections of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Statements in this press release should be considered in conjunction with the other information available about Civista, including the information in the filings we make with the Securities and Exchange Commission.
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SOURCE Civista Bancshares, Inc.
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