CNB Community Bancorp, Inc. Declares Quarterly Cash Dividend of $0.29 Per Share

(Neutral)

Rhea-AI Summary

CNB Community Bancorp, Inc. (OTCQX:CNBB) declared a quarterly cash dividend of $0.29 per share, an increase of $0.02 compared to Q1 2022. This dividend is payable on April 14, 2023 to shareholders of record as of March 31, 2023. This move reflects the company's commitment to returning value to its shareholders. With over $1 billion in assets, CNB has been recognized as a growing institution in South Central Michigan, ranked 30th among publicly traded banks under $2 billion by American Banker Magazine in 2022.

Positive

Quarterly cash dividend increased to $0.29 per share from $0.27 in Q1 2022.
Dividend payment reflects company confidence and commitment to shareholders.
CNB surpassed $1 billion in assets, indicating growth.

Negative

None.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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03/10/2023 - 07:00 AM

HILLSDALE, Mich., March 10, 2023 /PRNewswire/ -- CNB Community Bancorp, Inc. (OTCQX:CNBB) announced that the Board of Directors has declared a quarterly cash dividend on the Company's common stock in the amount of $0.29 per share, an increase of $0.02 from the dividend paid for the 1^st Quarter of 2022, payable on April 14, 2023 for shareholders of record on March 31, 2023.

About CNB Community Bancorp, Inc.
CNB Community Bancorp Inc. (OTCQX:CNBB) is a one-bank holding company. Its subsidiary bank, County National Bank ("CNB"), is a nationally chartered full-service community bank that also offers investment management and trust services, which has been serving South Central Michigan since 1934. In 2022, CNB was ranked 30^th in American Banker Magazine's Top 200 publicly traded banks under $2 billion and CNB has grown to over $1 billion in assets. The corporate headquarters are in Hillsdale, Michigan. CNB provides a wide array of financial products and services through its 13 full-service offices and 19 ATMs.

View original content:https://www.prnewswire.com/news-releases/cnb-community-bancorp-inc-declares-quarterly-cash-dividend-of-0-29-per-share-301768604.html

SOURCE CNB Community Bancorp, Inc.

FAQ

What is the dividend amount declared by CNBB?

CNB Community Bancorp declared a quarterly cash dividend of $0.29 per share.

When will the CNBB dividend be paid?

The dividend will be paid on April 14, 2023.

What is the record date for the CNBB dividend?

The record date for the dividend is March 31, 2023.

How does the CNBB dividend compare to last year?

The current dividend of $0.29 per share is an increase of $0.02 from the Q1 2022 dividend of $0.27.