CNB Community Bancorp, Inc. Declares Quarterly Cash Dividend of $0.30 Per Share and Special Annual Dividend of $0.20 Per Share

Rhea-AI Summary

CNB Community Bancorp (OTCQX: CNBB) has announced two dividend payments for shareholders. The company declared a quarterly cash dividend of $0.30 per share, representing a $0.01 increase from Q4 2023's dividend. Additionally, the Board of Directors approved a special annual dividend of $0.20 per share. Both dividends will be paid on January 17, 2025, to shareholders of record as of December 31, 2024.

Positive

• Quarterly dividend increased by $0.01 per share to $0.30
• Additional special annual dividend of $0.20 per share
• Total combined dividend payout of $0.50 per share

Negative

• None.

News Market Reaction – CNBB

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On the day this news was published, CNBB declined NaN%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

HILLSDALE, Mich., Dec. 13, 2024 /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 $0.30 per share, an increase of $0.01 per share from the dividend paid for the 4^th Quarter of 2023. Furthermore, as a special annual dividend, the Board of Directors declared an additional $0.20 per share with both payable on January 17, 2025 for shareholders of record on December 31, 2024.

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 Southern Michigan since 1934. In 2024, CNB was ranked 85^th in American Banker Magazine's Top 100 publicly traded banks under $2 billion. 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-0-30-per-share-and-special-annual-dividend-of-0-20-per-share-302330882.html

SOURCE CNB Community Bancorp, Inc.

FAQ

What is the total dividend amount CNBB shareholders will receive in January 2025?

CNBB shareholders will receive a total of $0.50 per share, consisting of a $0.30 quarterly dividend and a $0.20 special annual dividend.

When is the record date for CNBB's Q4 2024 dividend payment?

The record date for both the quarterly and special annual dividends is December 31, 2024.

How much did CNBB increase its quarterly dividend compared to Q4 2023?

CNBB increased its quarterly dividend by $0.01 per share compared to Q4 2023.

When will CNBB pay its Q4 2024 quarterly and special annual dividends?

Both the quarterly and special annual dividends will be paid on January 17, 2025.

What is the new quarterly dividend amount for CNBB stock?

The new quarterly dividend amount for CNBB stock is $0.30 per share.