Civista Bancshares, Inc. Declares Fourth Quarter Common Dividend

Rhea-AI Summary

Civista Bancshares approves quarterly dividend of 16 cents per share, representing a payout of $2.5 million and an annualized yield of 4.23% based on the closing stock price of $15.14 on October 24, 2023.

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• Civista Bancshares approves quarterly dividend of 16 cents per share, representing a payout of $2.5 million and an annualized yield of 4.23%.

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• None.

SANDUSKY, Ohio, Oct. 26, 2023 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") announced today that the Board of Directors has approved a quarterly dividend of 16 cents per common share to shareholders of record November 7, 2023, payable November 21, 2023. 

This dividend represents a payout of approximately $2.5 million.  Based on the Civista's closing stock price of common shares of $15.14 on October 24, 2023, the quarterly dividend produces an annualized yield of 4.23%.

About Civista Bancshares, Inc.:
Civista Bancshares, Inc., is a $3.6 billion financial holding company headquartered in Sandusky, Ohio.  Its primary subsidiary, Civista Bank, was founded in 1884 and provides full-service banking, commercial lending, mortgage, and wealth management services.  Today, Civista Bank operates 43 locations across Ohio, Southeastern Indiana and Northern Kentucky.  Civista Leasing & Finance, a division of Civista Bank, offers commercial equipment leasing services for businesses nationwide.  Civista Bancshares' common shares are traded on the NASDAQ Capital Market under the symbol "CIVB".  Learn more at www.civb.com.

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.

FAQ

What is the approved dividend per share by Civista Bancshares?

Civista Bancshares has approved a quarterly dividend of 16 cents per common share.

When will the dividend be payable?

The dividend will be payable on November 21, 2023.

What is the annualized yield of the dividend?

The quarterly dividend produces an annualized yield of 4.23%.

What is the record date for the dividend?

The record date for the dividend is November 7, 2023.

What is the closing stock price of Civista Bancshares on October 24, 2023?

The closing stock price of Civista Bancshares on October 24, 2023, was $15.14.