Citizens & Northern Co. (NASDAQ:CZNC – Get Free Report) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Investors of record on Monday, May 6th will be paid a dividend of 0.28 per share by the financial services provider on Friday, May 17th. This represents a $1.12 annualized dividend and a yield of 6.26%. The ex-dividend date of this dividend is Friday, May 3rd.
Citizens & Northern has raised its dividend by an average of 1.2% annually over the last three years. Citizens & Northern has a dividend payout ratio of 62.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Citizens & Northern to earn $1.79 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 62.6%.
Citizens & Northern Stock Performance
CZNC traded up $0.24 on Friday, reaching $17.89. 34,115 shares of the stock were exchanged, compared to its average volume of 18,025. The firm has a market capitalization of $275.15 million, a PE ratio of 11.39 and a beta of 0.44. The company’s 50-day moving average price is $18.00 and its 200 day moving average price is $19.39. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.91 and a quick ratio of 0.91. Citizens & Northern has a fifty-two week low of $16.71 and a fifty-two week high of $23.50.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on CZNC. StockNews.com upgraded Citizens & Northern from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd. TheStreet lowered Citizens & Northern from a “b-” rating to a “c+” rating in a research note on Wednesday, March 13th.
View Our Latest Analysis on CZNC
About Citizens & Northern
Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides various banking and related services to individual and corporate customers. Its deposit products include various types of checking accounts, passbook and statement savings, money market accounts, interest checking accounts, and individual retirement accounts, as well as certificates of deposit; and lending products, including commercial, mortgage, and consumer loans, as well as specialized instruments, such as commercial letters-of-credit.
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