Capital City Bank Group, Inc. Announces Cash Dividend

Rhea-AI Summary

The Board of Directors of Capital City Bank Group, Inc. (NASDAQ: CCBG) has declared a quarterly cash dividend of $0.15 per share, marking a 7.1% increase from the previous quarter's $0.14. This dividend yields an annualized rate of $0.60 per share and will be payable on December 21, 2020, to shareholders of record as of December 7, 2020. Based on the stock's closing price of $23.20 on November 18, 2020, this equates to an annualized dividend yield of 2.59%. The company has approximately $3.6 billion in assets and operates 57 banking offices across Florida, Georgia, and Alabama.

Positive

• Quarterly cash dividend increased by 7.1%, enhancing shareholder income.
• Dividend of $0.15 per share reflects company confidence and financial health.
• Annualized yield of 2.59% based on recent stock price.

Negative

• None.

TALLAHASSEE, Fla., Nov. 19, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of Capital City Bank Group, Inc. (NASDAQ: CCBG) declared a quarterly cash dividend on its common stock of $.15 per share. It represents a 7.1% increase over the prior quarter of $.14. The dividend produces an annualized rate of $.60 per common share and is payable on December 21 to shareowners of record as of December 7, 2020. The annualized dividend yield is 2.59% based on a closing stock price of $23.20 on November 18, 2020.

About Capital City Bank Group, Inc.
Capital City Bank Group, Inc. (Nasdaq: CCBG) is one of the largest publicly traded financial holding companies headquartered in Florida and has approximately $3.6 billion in assets. We provide a full range of banking services, including traditional deposit and credit services, mortgage banking, asset management, trust, merchant services, bankcards and securities brokerage services. Our bank subsidiary, Capital City Bank, was founded in 1895 and now has 57 banking offices and 85 ATMs in Florida, Georgia and Alabama. For more information about Capital City Bank Group, Inc., visit www.ccbg.com.

For Information Contact:
J. Kimbrough Davis
Executive Vice President and Chief Financial Officer
850.402.7820

FAQ

What is the dividend amount declared by CCBG?

Capital City Bank Group declared a dividend of $0.15 per share.

When will the CCBG dividend be paid?

The dividend will be payable on December 21, 2020.

What is the record date for CCBG's dividend?

The record date for the dividend is December 7, 2020.

What is the annualized dividend yield for CCBG?

The annualized dividend yield is 2.59% based on a closing stock price of $23.20.