Civista Bancshares, Inc. Declares Third Quarter Common Dividend

Rhea-AI Summary

Civista Bancshares (NASDAQ:CIVB) has declared a quarterly dividend of 16 cents per common share, payable on August 20, 2024, to shareholders of record as of August 6, 2024. This dividend represents a total payout of approximately $2.5 million. Based on Civista's closing stock price of $18.74 on July 25, 2024, the dividend yields an annualized return of 3.42%.

Civista Bancshares is a $3.9 billion financial holding company headquartered in Sandusky, Ohio. Its primary subsidiary, Civista Bank, operates 43 locations across Ohio, Southeastern Indiana, and Northern Kentucky, offering full-service banking, commercial lending, mortgage, and wealth management services. The company's shares are traded on the NASDAQ Capital Market under the symbol 'CIVB'.

Positive

• Quarterly dividend of $0.16 per share, representing a $2.5 million payout
• Annualized dividend yield of 3.42% based on current stock price
• $3.9 billion in assets, indicating substantial financial holding

Negative

• None.

News Market Reaction

-8.06%

1 alert

-8.06% News Effect

On the day this news was published, CIVB declined 8.06%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

SANDUSKY, Ohio, July 26, 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 August 6, 2024, payable August 20, 2024. 

This dividend represents a payout of approximately $2.5 million.  Based on the Civista's closing stock price of common shares of $18.74 on July 25, 2024, the quarterly dividend produces an annualized yield of 3.42%.

About Civista Bancshares, Inc.:
Civista Bancshares, Inc., is a $3.9 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 dividend amount and payment date for Civista Bancshares (CIVB) in Q3 2024?

Civista Bancshares (CIVB) has declared a quarterly dividend of 16 cents per common share, payable on August 20, 2024, to shareholders of record as of August 6, 2024.

What is the annualized dividend yield for Civista Bancshares (CIVB) based on the recent stock price?

Based on Civista Bancshares' closing stock price of $18.74 on July 25, 2024, the quarterly dividend produces an annualized yield of 3.42%.

How many locations does Civista Bank, the primary subsidiary of Civista Bancshares (CIVB), operate?

Civista Bank operates 43 locations across Ohio, Southeastern Indiana, and Northern Kentucky.

What is the total asset value of Civista Bancshares (CIVB) as of July 2024?

Civista Bancshares is a $3.9 billion financial holding company as of July 2024.