Citizens & Northern Corp (NASDAQ:CZNC) Announces Quarterly Dividend of $0.28

Citizens & Northern Corp (NASDAQ:CZNC) declared a quarterly dividend on Thursday, January 22nd. Investors of record on Monday, February 2nd will be paid a dividend of 0.28 per share by the financial services provider on Friday, February 13th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Monday, February 2nd.

Citizens & Northern has decreased its dividend by an average of 0.0%per year over the last three years. Citizens & Northern has a dividend payout ratio of 56.0% meaning 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 Down 3.0%

NASDAQ:CZNC traded down $0.68 during trading hours on Friday, hitting $21.71. The stock had a trading volume of 29,734 shares, compared to its average volume of 42,038. The business’s 50 day moving average is $20.61 and its 200-day moving average is $19.94. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $386.35 million, a price-to-earnings ratio of 12.33 and a beta of 0.56. Citizens & Northern has a one year low of $18.02 and a one year high of $22.68.

Citizens & Northern (NASDAQ:CZNC) last announced its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.06). The firm had revenue of $29.57 million during the quarter, compared to analyst estimates of $28.50 million. Citizens & Northern had a net margin of 16.81% and a return on equity of 9.75%. Sell-side analysts anticipate that Citizens & Northern will post 1.91 EPS for the current fiscal year.

Citizens & Northern Company Profile

Citizens & Northern Corporation is the bank holding company for Citizens & Northern Bank, a community-oriented financial institution headquartered in Wellsboro, Pennsylvania. Chartered in 1888, the company has cultivated deep roots in north central Pennsylvania and selected counties in upstate New York, offering a broad spectrum of banking services tailored to individuals, families and local businesses.

Through its flagship banking subsidiary, Citizens & Northern provides personal deposit products such as checking and savings accounts, certificates of deposit and money market accounts.