CNB Financial Announces Quarterly Dividend for Series A Preferred Stock and Related Depositary Shares Distribution

Rhea-AI Summary

The Board of Directors of CNB Financial Corporation (Nasdaq: CCNE) has declared a quarterly cash dividend of $0.4453125 per depositary share, following a $17.8125 per share dividend on its Series A Preferred Stock. This dividend is payable on September 1, 2021, to shareholders on record as of August 18, 2021. CNB Financial has consolidated assets of approximately $5.1 billion and offers a comprehensive range of banking services through its subsidiary, CNB Bank, which operates 44 full-service offices across multiple states.

Positive

• Quarterly cash dividend of $0.4453125 declared, providing income for shareholders.
• Stable asset base of approximately $5.1 billion indicates financial health.

Negative

• None.

CLEARFIELD, Pa., Aug. 05, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of CNB Financial Corporation (Nasdaq: CCNE) (the "Corporation") has announced the declaration of a quarterly cash dividend of $0.4453125 per depositary share, resulting from the Corporation’s declaration of a $17.8125 per share dividend on its Series A Preferred Stock. The dividend is payable on September 1, 2021, for holders of record as of August 18, 2021.

CNB Financial Corporation is a financial holding company with consolidated assets of approximately $5.1 billion. CNB Financial Corporation conducts business primarily through its principal subsidiary, CNB Bank. CNB Bank is a full-service bank engaging in a full range of banking activities and services, including trust and wealth management services, for individual, business, governmental, and institutional customers. CNB Bank operations include a private banking division, two loan production offices, one drive-up office and 44 full-service offices in Pennsylvania, Ohio, New York and Virginia. CNB Bank’s divisions include ERIEBANK, based in Erie, Pennsylvania, with offices in northwest Pennsylvania and northeast Ohio; FCBank, based in Worthington, Ohio, with offices in central Ohio; BankOnBuffalo, based in Buffalo, New York, with offices in northern New York; and Ridge View Bank, with a loan production office in Roanoke, Virginia. CNB Bank is headquartered in Clearfield, Pennsylvania, with offices in central and north central Pennsylvania. Additional information about CNB Financial Corporation may be found at www.CNBBank.bank. 

FAQ

What is the dividend amount declared by CNB Financial Corporation for CCNE?

CNB Financial Corporation declared a quarterly cash dividend of $0.4453125 per depositary share.

When is the dividend payable for CNB Financial Corporation?

The dividend is payable on September 1, 2021.

What is the record date for the dividend payment from CNB Financial Corporation?

The record date for the dividend is August 18, 2021.

How large are CNB Financial Corporation's consolidated assets?

CNB Financial Corporation has consolidated assets of approximately $5.1 billion.