Citizens Financial Services, Inc. Declares Quarterly Cash Dividend
The Board of Directors of Citizens Financial Services declared a cash dividend of $0.46 per share, payable on September 25, 2020, to shareholders of record by September 11, 2020.
Sentiment and the balance of points
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Rhea-AI Summary
The Board of Directors of Citizens Financial Services declared a cash dividend of $0.46 per share, payable on September 25, 2020, to shareholders of record by September 11, 2020. This represents a 3.33% increase over the previous year’s dividend of $0.445, adjusted for a 1% stock dividend in June 2020. CEO Randall E. Black noted the bank's strong financial performance amidst the COVID-19 pandemic, reaffirming the commitment to return value to shareholders. Citizens Financial Services, operating as a bank holding company, manages assets of $1.85 billion across 30 offices.
Positive
- Declared cash dividend of $0.46 per share.
- 3.33% increase over previous year's dividend.
- Strong financial performance enabling ongoing dividends.
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MANSFIELD, Pa., Sept. 15, 2020 /PRNewswire/ -- The Board of Directors of Citizens Financial Services, Inc. (OTCPink: CZFS), the bank holding company for First Citizens Community Bank, recently declared a cash dividend for its shareholders.
The cash dividend of
"Our 2020 financial results have allowed us to continue to pay an attractive cash dividend despite the uncertainty of the COVID-19 pandemic. Through it all, our Board of Directors has remained committed to providing a solid return to shareholders as we remain a strong, independent community bank," said Randall E. Black, CEO and President.
Citizens Financial Services, Inc. is a
For further information regarding the common stock of Citizens Financial Services, Inc., please contact any of the following firms: Automated Trading Desk, 866-283-2831; Boenning & Scattergood, Inc., 800-842-8928; Keefe, Bruyette & Woods, Inc., 800-342-5529; Monroe Securities Inc., 800-766-5560; Pershing LLC, 201-413-2700; RBC Capital Markets Corp., 800-959-5951; Sandler O' Neill & Partners, 212-466-8020; Stifel, Nicolaus & Co., Inc., 973-549-4200; UBS Securities, LLC, 203-719-8710.
Note: This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors. These factors include operating, legal and regulatory risks; changing economic and competitive conditions and other risks and uncertainties.
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SOURCE Citizens Financial Services, Inc.
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