Citizens Holding (NASDAQ:CIZN) to Issue $0.16 Quarterly Dividend

Citizens Holding (NASDAQ:CIZN) announced a quarterly dividend on Tuesday, November 26th,NASDAQ Dividends reports. Investors of record on Monday, December 16th will be given a dividend of 0.16 per share by the bank on Tuesday, December 31st. This represents a $0.64 dividend on an annualized basis and a yield of 7.31%. The ex-dividend date is Monday, December 16th.

Citizens has decreased its dividend payment by an average of 9.1% per year over the last three years.

Citizens Stock Up 2.1 %

CIZN traded up $0.18 during trading on Wednesday, hitting $8.75. The company’s stock had a trading volume of 1,035 shares, compared to its average volume of 5,445. The firm’s 50 day moving average price is $8.85 and its two-hundred day moving average price is $8.48. The stock has a market capitalization of $49.35 million, a price-to-earnings ratio of 14.34 and a beta of -0.02. Citizens has a 12 month low of $6.64 and a 12 month high of $10.50.

Citizens (NASDAQ:CIZN) last issued its quarterly earnings results on Friday, October 25th. The bank reported $0.06 earnings per share (EPS) for the quarter. Citizens had a net margin of 4.44% and a return on equity of 7.54%. The business had revenue of $10.08 million for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Citizens in a research note on Monday. They set a “sell” rating on the stock.

Citizens Company Profile

Citizens Holding Company operates as the bank holding company for The Citizens Bank of Philadelphia that provides various commercial and personal banking products and services. It offers demand deposits; and savings and time deposit accounts. The company also provides secured and unsecured loans; mortgage loans; single and multi-family housing, farm, residential and commercial construction, and commercial real estate loans; commercial, industrial, and agricultural production loans; and consumer loans, as well as issues letters of credit.