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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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
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