Citizens & Northern Co. (NASDAQ:CZNC) to Issue Dividend Increase – $0.28 Per Share

Citizens & Northern Co. (NASDAQ:CZNC) announced a dividend on Monday, January 27th,investing.com reports. Stockholders of record on Tuesday, February 4th will be paid a dividend of 0.28 per share by the financial services provider on Friday, February 14th. This represents a dividend yield of 5.41%. The ex-dividend date of this dividend is Monday, February 3rd. This is a boost 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 Trading Up 7.6 %

NASDAQ CZNC opened at $20.71 on Monday. The stock has a market cap of $319.14 million, a price-to-earnings ratio of 14.38 and a beta of 0.48. Citizens & Northern has a twelve month low of $16.50 and a twelve month high of $22.20. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.95 and a current ratio of 0.95. The firm’s 50 day moving average price is $19.39 and its two-hundred day moving average price is $19.47.

Citizens & Northern (NASDAQ:CZNC) last released its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating 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 anticipate that Citizens & Northern will post 1.61 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Piper Sandler upgraded Citizens & Northern to a “hold” rating in a research note on Monday, December 2nd.

About Citizens & Northern

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.