Citizens Holding Company Announces Quarterly Dividend
30 Noviembre 2023 - 5:00PM
Business Wire
Citizens Holding Company (the “Company”) (NASDAQ:CIZN) today
announced that its Board of Directors has declared a quarterly
dividend of $0.16 per share on its common stock. The dividend is
payable on December 29, 2023, to shareholders of record as of
December 15, 2023.
“We are pleased to announce our quarterly dividend, which
reflects our continued commitment to returning value to our
shareholders,” said Stacy Brantley, CEO of the Company. “While
certain headwinds to earnings persist, we remain focused on
outstanding customer service in our effort to grow core business.
We are squarely focused on repositioning our balance sheet in order
to improve profitability and to manage interest rate risk through
this uncertain environment.”
At a dividend of $0.16 per share, the Company’s dividend yield
is approximately 6%. This reflects the Company’s strong capital
position and our commitment to returning value to shareholders.
About Citizens Holding Company
Citizens Holding Company is a one-bank holding company and the
parent company of The Citizens Bank of Philadelphia, both
headquartered in Philadelphia, Mississippi. The Bank currently has
banking locations in fourteen counties throughout the state of
Mississippi. In addition to full service commercial banking, the
Company offers mortgage loans, title insurance services through
third party partnerships and a full range of Internet banking
services including online banking, bill pay and cash management
services for businesses. Internet services are available at the
Bank web site, www.thecitizensbankphila.com. Citizens Holding
Company stock is listed on the NASDAQ Global Market and is traded
under the symbol CIZN. The Company's transfer agent is American
Stock Transfer & Trust Company. Investor relations information
may be obtained at the corporate website,
https://www.thecitizensbankphila.com/investor-relations.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. All statements
other than statements of historical facts included in this release
regarding the Company’s business strategies, plans, objectives and
expectations for future operations, are forward-looking statements.
The Company can give no assurances that the assumptions upon which
such forward-looking statements are based will prove to have been
correct. Forward-looking statements speak only as of the date they
are made. The Company does not undertake a duty to update
forward-looking statements to reflect circumstances or events that
occur after the date the forward-looking statements are made. Such
forward-looking statements are subject to certain risks,
uncertainties and assumptions. The risks and uncertainties that may
affect the operation, performance, development and results of the
Company’s and the Bank’s business include, but are not limited to,
the following: (a) the risk of adverse changes in business
conditions in the banking industry generally and in the specific
markets in which the Company operates; (b) our ability to mitigate
our risk exposures; (c) changes in the legislative and regulatory
environment that negatively impact the Company and Bank through
increased operating expenses; (d) increased competition from other
financial institutions; (e) the impact of technological advances;
(f) expectations about the movement of interest rates, including
actions that may be taken by the Federal Reserve Board in response
to changing economic conditions; (g) changes in asset quality and
loan demand; (h) expectations about overall economic strength and
the performance of the economics in the Company’s market area; and
(i) other risks detailed from time to time in the Company’s filings
with the Securities and Exchange Commission. Should one or more of
these risks materialize or should any such underlying assumptions
prove to be significantly different, actual results may vary
significantly from those anticipated, estimated, projected or
expected.
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version on businesswire.com: https://www.businesswire.com/news/home/20231130716654/en/
Citizens Holding Company, Philadelphia Phillip R. Branch,
601/656-4692 Phillip.branch@thecitizensbank.bank
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