Citizens & Northern Co. (NASDAQ:CZNC) Declares Quarterly Dividend of $0.28

Citizens & Northern Co. (NASDAQ:CZNC) declared a quarterly dividend on Thursday, October 17th, Zacks reports. Stockholders of record on Monday, October 28th will be paid a dividend of 0.28 per share by the financial services provider on Friday, November 8th. This represents a $1.12 annualized dividend and a dividend yield of 5.79%. The ex-dividend date is Monday, October 28th.

Citizens & Northern has raised its dividend by an average of 1.2% per year over the last three years. Citizens & Northern has a payout ratio of 62.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Citizens & Northern to earn $1.80 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 62.2%.

Citizens & Northern Stock Down 3.7 %

CZNC opened at $19.33 on Friday. Citizens & Northern has a one year low of $16.50 and a one year high of $23.50. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.94 and a current ratio of 0.94. The stock’s fifty day moving average is $19.39 and its 200-day moving average is $18.46. The company has a market capitalization of $297.22 million, a PE ratio of 12.72 and a beta of 0.45.

Citizens & Northern (NASDAQ:CZNC) last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. Citizens & Northern had a return on equity of 9.06% and a net margin of 15.75%. The company had revenue of $27.50 million for the quarter, compared to the consensus estimate of $26.90 million. On average, equities analysts predict that Citizens & Northern will post 1.66 EPS for the current fiscal year.

About Citizens & Northern

Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides various banking and related services to individual and corporate customers. Its deposit products include various types of checking accounts, passbook and statement savings, money market accounts, interest checking accounts, and individual retirement accounts, as well as certificates of deposit; and lending products, including commercial, mortgage, and consumer loans, as well as specialized instruments, such as commercial letters-of-credit.