Civista Bancshares, Inc. Declares Third Quarter Common Dividend
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.
Sentiment and the balance of points
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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.
Details
News Market Reaction – CIVB
The recorded move for CIVB in the trading session of this news was -8.06%.
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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