CNB Financial Corporation (NASDAQ:CCNE – Get Free Report) announced a quarterly dividend on Tuesday, February 10th. Shareholders of record on Friday, February 27th will be paid a dividend of 0.19 per share by the bank on Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, February 27th. This is a 5.6% increase from CNB Financial’s previous quarterly dividend of $0.18.
CNB Financial has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. CNB Financial has a payout ratio of 21.6% meaning its dividend is sufficiently covered by earnings. Analysts expect CNB Financial to earn $3.53 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 20.4%.
CNB Financial Trading Up 3.9%
CCNE opened at $29.85 on Thursday. CNB Financial has a 1-year low of $19.32 and a 1-year high of $30.84. The stock has a market capitalization of $879.98 million, a PE ratio of 12.28 and a beta of 0.73. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $27.24 and a two-hundred day moving average price of $25.66.
About CNB Financial
CNB Financial Corporation (NASDAQ: CCNE) is a bank holding company headquartered in Clearfield, Pennsylvania. The company operates through its wholly owned subsidiary, CNB Bank & Trust, providing a full suite of community banking services. With a focus on relationship-driven banking, CNB Financial seeks to serve individuals, small businesses and agricultural clients across central Pennsylvania.
The company’s core offerings include deposit products such as checking accounts, savings accounts, money market accounts and certificates of deposit.
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