Civista Bancshares Coping with Challenges: Bouncing Back with Steady Distribution and Decreasing Investor Rewards
Portfolio Pulse from Benzinga Insights
Civista Bancshares (NASDAQ:CIVB) is issuing a dividend of $0.16 per share with an annualized yield of 4.25%. The ex-dividend date was November 6, 2023, and the dividend is payable on November 21, 2023. The company has shown a positive trend in dividend per share growth from $0.42 in 2019 to $0.56 in 2022, and earnings per share growth from $2.03 to $2.55 over the same period. Civista Bancshares' dividend yield is moderate compared to its industry peers, with First of Long Island (NASDAQ:FLIC) having a higher yield at 7.19%.
November 21, 2023 | 3:05 pm
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NEUTRAL IMPACT
First of Long Island has a higher annualized dividend yield at 7.19% compared to Civista Bancshares, which may attract investors seeking higher income.
While FLIC is mentioned as having a higher dividend yield than CIVB, there is no specific news about FLIC's financials or dividend changes. Therefore, the impact on FLIC's stock price is likely to be neutral in the short term, as the information provided does not indicate any new developments for FLIC.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Civista Bancshares is distributing a $0.16/share dividend, reflecting a stable yield and positive earnings growth, indicating financial health and commitment to shareholder returns.
The consistent increase in dividends and earnings per share over the past years suggests Civista Bancshares is in a strong financial position, which is likely to be viewed positively by investors. The stable dividend payout may attract income-focused investors, potentially leading to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100