Citizens & Northern Co. (NASDAQ:CZNC) to Issue Dividend of $0.28

Citizens & Northern Co. (NASDAQ:CZNC) announced a dividend on Monday, January 27th,investing.com reports. Shareholders of record on Tuesday, February 4th will be given a dividend of 0.28 per share by the financial services provider on Friday, February 14th. This represents a yield of 5.41%. The ex-dividend date is Monday, February 3rd. This is a positive change from Citizens & Northern’s previous dividend of $0.27.

Citizens & Northern has increased its dividend by an average of 0.3% per year over the last three years. Citizens & Northern has a payout ratio of 55.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Citizens & Northern to earn $1.80 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 62.2%.

Citizens & Northern Stock Up 7.6 %

Shares of NASDAQ:CZNC opened at $20.71 on Monday. Citizens & Northern has a 1 year low of $16.50 and a 1 year high of $22.20. The stock has a 50-day simple moving average of $19.39 and a 200-day simple moving average of $19.47. The stock has a market capitalization of $319.14 million, a P/E ratio of 14.38 and a beta of 0.48. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.95 and a current ratio of 0.95.

Citizens & Northern (NASDAQ:CZNC) last issued its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.08. Citizens & Northern had a return on equity of 8.28% and a net margin of 14.47%. Equities analysts forecast that Citizens & Northern will post 1.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler raised shares of Citizens & Northern to a “hold” rating in a report on Monday, December 2nd.

Citizens & Northern Company Profile

Citizens & Northern Corp. is a holding company, which engages in community banking. It provides a full range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York State. The firm’s lending products include mortgage loans, commercial loans, and consumer loans.