Colony Bankcorp Remains Committed to Investors, Upholding Stability during Decreased Earnings
Portfolio Pulse from Benzinga Insights
Colony Bankcorp (NASDAQ:CBAN) is distributing a dividend of $0.11 per share, resulting in an annualized dividend yield of 4.26%. The company's dividend per share has shown a positive trend from 2019 to 2022, increasing from $0.30 to $0.43. However, the company's earnings per share decreased from $1.40 to $1.37 during the same period. The company's dividend yield is mid-range compared to its industry peers, with Ames National (NASDAQ:ATLO) having the highest annualized dividend yield at 6.03%.
August 23, 2023 | 3:05 pm
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NEUTRAL IMPACT
Ames National has the highest annualized dividend yield at 6.03% among Colony Bankcorp's industry peers.
Ames National's high annualized dividend yield could make it an attractive option for income-seeking investors. However, the company's financial health and future earnings prospects should also be considered.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Colony Bankcorp's dividend payout remains steady despite decreased earnings. The company's dividend yield is 4.26%, which is mid-range compared to its industry peers.
Despite a decrease in earnings per share, Colony Bankcorp has maintained its dividend payout, demonstrating a commitment to its shareholders. However, the decrease in earnings could potentially impact future dividend payouts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100