Isabella Bank Corporation Announces Third Quarter 2024 Dividend

Rhea-AI Summary

Isabella Bank (OTCQX: ISBA) has declared a third-quarter cash dividend of $0.28 per common share, payable on September 30, 2024, to shareholders of record as of September 26, 2024. Based on ISBA's closing stock price of $19.15 per share as of August 28, 2024, the annualized cash dividend yield is 5.85%. Jerome E. Schwind, President and CEO, emphasized the company's focus on financial performance and strategic initiatives to enhance shareholder value, highlighting their commitment to providing an attractive return on investment.

Positive

• Declared a third-quarter cash dividend of $0.28 per common share
• Annualized cash dividend yield of 5.85% based on current stock price

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• None.

News Market Reaction

+0.88%

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+0.88% News Effect

On the day this news was published, ISBA gained 0.88%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

MT. PLEASANT, Mich., Sept. 4, 2024 /PRNewswire/ -- Isabella Bank Corporation (OTCQX: ISBA) today announced its Board of Directors declared a third-quarter cash dividend of $0.28 per common share at its regular meeting on August 28, 2024. The dividend will be payable September 30, 2024 to shareholders of record as of September 26, 2024. Based on ISBA's closing stock price of $19.15 per share as of August 28, 2024, the annualized cash dividend yield is 5.85%.

"I am pleased to announce a $0.28 per share third quarter cash dividend. We continually focus on our financial performance and implementing strategic initiatives to improve shareholder value," said Jerome E. Schwind, President and Chief Executive Officer. "Our ongoing commitment to provide an attractive return on shareholder investment is evidenced by our dividend yield."

About the Corporation
Isabella Bank Corporation (OTCQX:ISBA) is the parent holding company of Isabella Bank, a state-chartered community bank headquartered in Mt. Pleasant, Michigan. Isabella Bank was established in 1903 and has been committed to serving its customers' and communities' local banking needs for over 120 years. The Bank offers personal and commercial lending and deposit products, as well as investment, trust, and estate planning services. The Bank has locations throughout eight Mid-Michigan counties: Bay, Clare, Gratiot, Isabella, Mecosta, Midland, Montcalm, and Saginaw.

For more information about Isabella Bank Corporation, visit the Investor Relations link at www.isabellabank.com. Isabella Bank Corporation common stock is quoted on the OTCQX tier of the OTC Markets Group, Inc.'s electronic quotation system (www.otcmarkets.com) under the symbol "ISBA." The Corporation's investor relations firm is Stonegate Capital Partners, Inc. (www.stonegateinc.com).

Forward-Looking Statements
This press release includes forward-looking statements. To the extent that the foregoing information refers to matters that may occur in the future, please be aware that such forward-looking statements may differ materially from actual results. Additional information concerning some of the factors that could cause materially different results is included in the sections entitled "Risk Factors" and "Forward Looking Statements" set forth in Isabella Bank Corporation's filings with the Securities and Exchange Commission, which are available from the Securities and Exchange Commission's Public Reference facilities and from its website at www.sec.gov.

View original content:https://www.prnewswire.com/news-releases/isabella-bank-corporation-announces-third-quarter-2024-dividend-302238598.html

SOURCE Isabella Bank Corporation

FAQ

What is Isabella Bank 's third-quarter 2024 dividend amount?

Isabella Bank 's third-quarter 2024 dividend is $0.28 per common share.

When will ISBA pay its third-quarter 2024 dividend?

ISBA will pay its third-quarter 2024 dividend on September 30, 2024, to shareholders of record as of September 26, 2024.

What is Isabella Bank 's annualized cash dividend yield as of August 28, 2024?

Isabella Bank 's annualized cash dividend yield is 5.85% based on the closing stock price of $19.15 per share as of August 28, 2024.

What is the OTCQX ticker symbol for Isabella Bank ?

The OTCQX ticker symbol for Isabella Bank is ISBA.