Citizens Community Bancorp Increases Annual Dividend From $0.29 To $0.32
Portfolio Pulse from Benzinga Newsdesk
Citizens Community Bancorp has announced an increase in its annual dividend from $0.29 to $0.32 per share, marking a 10% increase. Additionally, the company reported a 5% increase in common equity and a growth of $46 million in deposits.
January 29, 2024 | 1:38 pm
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Citizens Community Bancorp (CZWI) has raised its annual dividend to $0.32 per share, a 10% increase from the previous $0.29. The company also reported a 5% increase in common equity and significant deposit growth.
The increase in dividends is typically viewed positively by investors as it signals financial health and confidence by the company's board. The growth in deposits and equity further supports the positive outlook, suggesting a robust financial position. This news is likely to be well-received in the short term, potentially leading to an increase in stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100