Citizens & Northern Continues Support to Investors while Adjusting Profits, Adapting to Market Pressures
Portfolio Pulse from Benzinga Insights
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%. The company's dividend per share showed a positive trend from 2020 to 2022, increasing from $1.08 to $1.12. However, the company's earnings per share decreased from $1.72 in 2020 to $1.67 in 2022. Financial Institutions (NASDAQ:FISI) has the highest annualized dividend yield at 6.26% among its industry peers.
August 11, 2023 | 3:05 pm
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NEUTRAL IMPACT
Citizens & Northern's dividend payout and yield are attractive to income-seeking investors. However, the declining earnings per share may impact future dividend payouts.
The company's commitment to increasing dividends is positive for investors. However, the declining earnings per share is a concern as it may impact the company's ability to maintain its dividend payout schedule.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Financial Institutions has the highest annualized dividend yield at 6.26% among its industry peers.
The high annualized dividend yield makes Financial Institutions attractive to income-seeking investors.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50