Civista Bancshares, Inc. Declares Second Quarter Common Dividend

Rhea-AI Summary

Civista Bancshares, Inc. (NASDAQ:CIVB) announced a quarterly dividend of 14 cents per common share, payable on May 25, 2022, to shareholders of record as of May 10, 2022. This dividend totals approximately $2.0 million and corresponds to an annualized yield of 2.53%, based on the closing stock price of $22.16 on April 27, 2022. Civista is a $3.2 billion financial holding company with operations in Northern, Central, and Southwestern Ohio, Southeastern Indiana, and Northern Kentucky.

Positive

• Quarterly dividend of 14 cents per share reflects stable financial performance.
• Annualized yield of 2.53% may attract dividend-seeking investors.

Negative

• None.

SANDUSKY, Ohio, April 29, 2022 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") announced today that the Board of Directors has approved a quarterly dividend of 14 cents per common share to shareholders of record May 10, 2022, payable May 25, 2022. 

This dividend represents a payout of approximately $2.0 million.  Based on the Civista's closing stock price of common shares of $22.16 on April 27, 2022, the quarterly dividend produces an annualized yield of 2.53%.

About Civista Bancshares, Inc.:
Civista Bancshares, Inc. is a $3.2 billion financial holding company headquartered in Sandusky, Ohio.  Civista's banking subsidiary, Civista Bank, operates 35 locations in Northern, Central and Southwestern Ohio, Southeastern Indiana and Northern Kentucky.  Civista Bancshares, Inc. may be accessed at www.civb.com.  The Company's common shares are traded on the NASDAQ Capital Market under the symbol "CIVB".  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 dividend amount for Civista Bancshares (CIVB)?

Civista Bancshares has declared a dividend of 14 cents per common share.

When is the dividend payable for Civista Bancshares (CIVB)?

The dividend is payable on May 25, 2022.

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

The annualized yield is 2.53% based on the closing stock price.

What is the total dividend payout for Civista Bancshares (CIVB)?

The total dividend payout amounts to approximately $2.0 million.