Citizens Financial Services, Inc. (NASDAQ:CZFS) to Issue Quarterly Dividend of $0.49

Citizens Financial Services, Inc. (NASDAQ:CZFS) declared a quarterly dividend on Tuesday, December 3rd,Wall Street Journal reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.49 per share on Friday, December 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Friday, December 13th.

Citizens Financial Services has a dividend payout ratio of 27.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Citizens Financial Services to earn $6.25 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 31.4%.

Citizens Financial Services Trading Up 2.2 %

NASDAQ CZFS opened at $71.99 on Wednesday. The company has a market capitalization of $342.67 million, a PE ratio of 12.43 and a beta of 0.53. Citizens Financial Services has a 12 month low of $38.52 and a 12 month high of $75.40. The stock has a 50-day simple moving average of $63.79 and a 200 day simple moving average of $53.76. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.78.

Citizens Financial Services Company Profile

Citizens Financial Services, Inc, a bank holding company, provides various banking products and services for individual, business, governmental, and institutional customers. The company accepts various deposit products, such as checking, savings, and time deposit accounts. Its loan products include residential, commercial, and agricultural real estate loans; commercial and industrial loans; state and political subdivision loans; and consumer loans, as well as various other specialized financial services.