Citizens & Northern Corp (CZNC) to Issue Quarterly Dividend of $0.28 on November 14th

Citizens & Northern Corp (NASDAQ:CZNC) declared a quarterly dividend on Thursday, October 23rd. Investors of record on Monday, November 3rd will be paid a dividend of 0.28 per share by the financial services provider on Friday, November 14th. This represents a c) dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Monday, November 3rd.

Citizens & Northern has a payout ratio of 56.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Citizens & Northern to earn $2.02 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 55.4%.

Citizens & Northern Trading Up 1.2%

Shares of CZNC opened at $19.47 on Friday. The business’s 50-day moving average price is $19.80 and its 200 day moving average price is $19.33. The stock has a market capitalization of $302.17 million, a P/E ratio of 11.06 and a beta of 0.56. Citizens & Northern has a 1-year low of $17.85 and a 1-year high of $22.68. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.64.

Citizens & Northern (NASDAQ:CZNC) last issued its quarterly earnings results on Tuesday, June 15th. The financial services provider reported $0.55 earnings per share for the quarter. The firm had revenue of $26.87 million for the quarter. Citizens & Northern had a return on equity of 9.86% and a net margin of 16.81%. Analysts expect that Citizens & Northern will post 1.91 earnings per share for the current year.

About Citizens & Northern

Citizens & Northern Corp. is a holding company, which engages in community banking. It provides a full range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York State. The firm’s lending products include mortgage loans, commercial loans, and consumer loans.