Maximizing Investor Returns: Citizens & Northern Unleashes Growth Potential with Strong Performance
By the close of today, February 09, 2024, Citizens & Northern (NASDAQ:CZNC) will issue a dividend payout of $0.28 per share, resulting in an annualized dividend yield of 5.63%. Only those investors who owned the stock prior to the ex-dividend date on January 26, 2024 will receive this payout.
Citizens & Northern Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-01-26 | 4 | $0.28 | 5.63% | 2024-01-18 | 2024-01-29 | 2024-02-09 |
| 2023-10-27 | 4 | $0.28 | 6.28% | 2023-10-19 | 2023-10-30 | 2023-11-10 |
| 2023-07-28 | 4 | $0.28 | 5.5% | 2023-07-20 | 2023-07-31 | 2023-08-11 |
| 2023-04-28 | 4 | $0.28 | 5.42% | 2023-04-20 | 2023-05-01 | 2023-05-12 |
| 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 |
In terms of dividend yield, Citizens & Northern finds itself in the middle ground among its industry peers, while Financial Institutions (NASDAQ:FISI) takes the lead with the highest annualized dividend yield at 6.36%.
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
As you can see, from 2020 to 2023, investors saw an average increase in the company's dividend per share, rising from $1.08 in 2020 to $1.12 in 2023. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For Citizens & Northern
Investors can observe a growth in earnings for Citizens & Northern from 2020 to 2023, as earnings per share increased from $1.65 to $1.79. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.
Recap
This article takes an in-depth look at Citizens & Northern's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.28 per share today, translating to an annualized dividend yield of 5.63%.
In terms of dividend yield, Citizens & Northern finds itself in the middle ground among its industry peers, while Financial Institutions takes the lead with the highest annualized dividend yield at 6.36%.
Considering the increase in dividend per share from 2020 to 2023 along with an increase in earnings per share, Citizens & Northern appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.
Keeping a vigilant eye on the company's performance in the coming quarters will allow investors to stay current with any variations in financials or dividend disbursements.
[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.