Capital City Bank Group, Inc. Increases Quarterly Cash Dividend From $0.18 To $0.20/Share
Portfolio Pulse from Happy Mohamed
Capital City Bank Group, Inc. (NASDAQ:CCBG) has increased its quarterly cash dividend from $0.18 to $0.20 per share, representing an 11.1% increase. The dividend is payable on September 25, 2023 to shareholders of record as of September 11, 2023. The annualized dividend yield is 2.66% based on a closing stock price of $30.06 on August 23, 2023.
August 24, 2023 | 8:42 pm
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Capital City Bank Group's decision to increase its quarterly cash dividend by 11.1% could make its stock more attractive to income-focused investors, potentially leading to a short-term increase in the stock price.
Dividend increases are often seen as a sign of a company's strong financial health. As a result, they can make a company's stock more attractive to investors, particularly those focused on income generation. This could lead to increased demand for the stock, potentially driving up the price in the short term.
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