Citizens & Northern Continues Support to Investors while Adjusting Profits, Adapting to Market Pressures
By the end of today, August 11, 2023, Citizens & Northern (NASDAQ:CZNC) is set to deliver a dividend payout of $0.28 per share, equating to an annualized dividend yield of 5.50%. Shareholders who owned the stock prior to the ex-dividend date on July 28, 2023 will receive this payout.
Citizens & Northern Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-07-28 | 4 | $0.28 | 5.5% | 2023-07-20 | 2023-07-31 | 2023-08-11 |
| 2023-02-02 | 4 | $0.28 | 4.97% | 2023-01-19 | 2023-02-03 | 2023-02-14 |
| 2022-10-28 | 4 | $0.28 | 4.65% | 2022-10-20 | 2022-10-31 | 2022-11-11 |
| 2022-07-29 | 4 | $0.28 | 4.48% | 2022-07-21 | 2022-08-01 | 2022-08-12 |
| 2022-04-29 | 4 | $0.28 | 4.48% | 2022-04-21 | 2022-05-02 | 2022-05-13 |
| 2022-01-28 | 4 | $0.28 | 4.29% | 2022-01-20 | 2022-01-31 | 2022-02-11 |
| 2021-10-29 | 4 | $0.28 | 4.26% | 2021-10-21 | 2021-11-01 | 2021-11-12 |
| 2021-07-30 | 4 | $0.28 | 4.49% | 2021-07-22 | 2021-08-02 | 2021-08-13 |
| 2021-04-30 | 4 | $0.28 | 4.7% | 2021-04-22 | 2021-05-03 | 2021-05-14 |
| 2021-01-29 | 4 | $0.27 | 5.31% | 2021-01-21 | 2021-02-01 | 2021-02-12 |
| 2020-10-30 | 4 | $0.27 | 6.12% | 2020-10-22 | 2020-11-02 | 2020-11-13 |
| 2020-07-24 | 4 | $0.27 | 5.52% | 2020-07-16 | 2020-07-27 | 2020-08-07 |
Citizens & Northern's dividend yield falls in the middle range when compared to its industry peers, with Financial Institutions (NASDAQ:FISI) having the highest annualized dividend yield at 6.26%.
Analyzing Citizens & Northern Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
From 2020 to 2022, the company's dividend per share showed a positive trend, increasing steadily from $1.08 in 2020 to $1.12 in 2022. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
YoY Earnings Growth For Citizens & Northern
Investors can observe a decrease in Citizens & Northern's earnings per share from $1.72 in 2020 to $1.67 in 2022. This declining earnings trend may be concerning for income-seeking investors, as it indicates a potential impact on the company's cash dividend payouts. A comprehensive analysis is recommended to understand the factors driving this decrease and evaluate its implications on future dividend payments.
Recap
In this article, we delve into Citizens & Northern's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.28 per share today, resulting in an annualized dividend yield of 5.50%.
Citizens & Northern's dividend yield falls in the middle range when compared to its industry peers, with Financial Institutions having the highest annualized dividend yield at 6.26%.
The rising dividend per share and declining earnings per share of Citizens & Northern from 2020 to 2022 indicate a deliberate choice to prioritize dividend distribution over earnings performance.
To stay well-informed about potential changes in financials or dividend disbursements, investors should closely observe the company's performance in the upcoming quarters.
[Click here](https://www.benzinga.com/stock//dividends) to find details on Citizens & Northern's previous dividends.
To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.