Citizens Financial Services, Inc. Declares Quarterly Cash Dividend
The Board of Directors of Citizens Financial Services declared a cash dividend of $0.475 per share and a 1% stock dividend, payable on June 24, 2022, to shareholders of record by June 10, 2022.
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 $0.475 per share and a 1% stock dividend, payable on June 24, 2022, to shareholders of record by June 10, 2022. This marks a 3.2% increase over last year's cash dividend of $0.460. CEO Randall Black highlighted the strength of their Community Banking model and the recent approval to uplist on Nasdaq, aiming to enhance shareholder value. Citizens Financial Services holds assets of $2.19 billion and operates 30 offices across Pennsylvania, Delaware, and New York.
Positive
- Declared a quarterly cash dividend of $0.475, up 3.2% from last year, indicating financial growth.
- Uplisting to Nasdaq expected to enhance visibility and drive shareholder value.
- Demonstrates a strong Community Banking model with continued performance.
Negative
- None.
Details
News Market Reaction – CZFS
The recorded move for CZFS in the trading session of this news was +0.96%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MANSFIELD, Pa., June 6, 2022 /PRNewswire/ -- The Board of Directors of Citizens Financial Services, Inc. (OTCPink: CZFS), the bank holding company for First Citizens Community Bank (FCCB), recently declared a cash dividend for its shareholders.
The cash dividend of
"As evidenced by our financial performance, our Community Banking model is not only strong, but thriving," noted Randall Black, CEO & President. "We believe that our recent approval to uplist our stock on Nasdaq complements our demonstrated growth and will raise our overall profile, driving shareholder value."
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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