Citizens & Northern Co. (CZNC) to Issue Quarterly Dividend of $0.28 on February 14th

Citizens & Northern Co. (NASDAQ:CZNC) declared a quarterly dividend on Thursday, January 23rd,investing.com reports. Investors of record on Monday, February 3rd will be paid a dividend of 0.28 per share by the financial services provider on Friday, February 14th. This represents a $1.12 annualized dividend and a yield of 5.25%. The ex-dividend date of this dividend is Monday, February 3rd. This is an increase from Citizens & Northern’s previous quarterly dividend of $0.27.

Citizens & Northern has raised its dividend payment by an average of 0.3% per year over the last three years. Citizens & Northern has a dividend payout ratio of 55.4% 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 0.4 %

Citizens & Northern stock opened at $21.33 on Friday. Citizens & Northern has a 52 week low of $16.50 and a 52 week high of $22.68. The stock has a 50-day moving average price of $19.53 and a 200 day moving average price of $19.54. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $328.70 million, a price-to-earnings ratio of 12.62 and a beta of 0.48.

Citizens & Northern (NASDAQ:CZNC) last announced its earnings results on Thursday, January 23rd. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.08. Citizens & Northern had a return on equity of 9.71% and a net margin of 16.50%. Sell-side analysts anticipate that Citizens & Northern will post 1.91 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Piper Sandler upgraded shares of Citizens & Northern to a “hold” rating in a report on Monday, December 2nd. StockNews.com raised Citizens & Northern from a “hold” rating to a “buy” rating in a report on Monday, January 27th.

Citizens & Northern Company Profile

Citizens & Northern Corp. is a holding company, which engages in community banking. It provides a full range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York State. The firm’s lending products include mortgage loans, commercial loans, and consumer loans.