Civista Bancshares, Inc. Declares Fourth Quarter Common Dividend

Rhea-AI Summary

Civista Bancshares (NASDAQ: CIVB) has declared a quarterly dividend of 16 cents per common share, payable November 19, 2024, to shareholders of record November 5, 2024. The dividend totals approximately $2.5 million and represents an annualized yield of 3.59% based on the October 25, 2024 closing price of $17.84. Civista is a $4.0 billion financial holding company operating 43 locations across Ohio, Southeastern Indiana and Northern Kentucky, offering banking, commercial lending, mortgage, and wealth management services.

Positive

• Quarterly dividend payment of $2.5 million to shareholders
• Attractive dividend yield of 3.59%
• Strong asset base of $4.0 billion
• Extensive network of 43 locations across three states

Negative

• None.

SANDUSKY, Ohio, Oct. 25, 2024 /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 5, 2024, payable November 19, 2024.

This dividend represents a payout of approximately $2.5 million. Based on the Civista's closing stock price of common shares of $17.84 on October 25, 2024, the quarterly dividend produces an annualized yield of 3.59%.

About Civista Bancshares, Inc.:
Civista Bancshares, Inc., is a $4.0 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 Bank also offers commercial equipment leasing services for businesses nationwide through its Civista Leasing and Finance Division (formerly Vision Financial Group, Inc.), headquartered in Pittsburgh, Pennsylvania. 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 Civista Bancshares' (CIVB) dividend amount for Q4 2024?

Civista Bancshares (CIVB) declared a quarterly dividend of 16 cents per common share for Q4 2024.

When is Civista Bancshares' (CIVB) Q4 2024 dividend payable?

The Q4 2024 dividend is payable on November 19, 2024, to shareholders of record as of November 5, 2024.

What is the current dividend yield for Civista Bancshares (CIVB)?

Based on the October 25, 2024 closing price of $17.84, Civista Bancshares' quarterly dividend represents an annualized yield of 3.59%.

How much is Civista Bancshares' (CIVB) total quarterly dividend payout?

Civista Bancshares' quarterly dividend represents a total payout of approximately $2.5 million.