Commercial National Financial Corporation Announces Quarterly Dividend

Rhea-AI Summary

Commercial National Financial Corporation (CEFC) declares 14 cents per share regular quarterly cash dividend, with an annualized dividend yield of 6.83%

Positive

• Regular quarterly cash dividend declaration indicates financial stability and commitment to shareholders
• Annualized dividend yield of 6.83% is higher than industry average, potentially attracting more investors

Negative

• None.

ITHACA, Mich., Nov. 22, 2023 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (Pink Sheets: CEFC) announced that the Board of Directors declared a regular quarterly cash dividend of 14 cents per share. The dividend is payable January 2, 2024 to shareholders of record December 15, 2023. Based on a recent closing price of $8.20 per share, the annualized dividend yield is 6.83%.

Contact:
Benjamin Ogle
CFO
(989) 875-5562

FAQ

What is the recent dividend declared by Commercial National Financial Corporation (CEFC)?

The recent dividend declared by CEFC is 14 cents per share.

When is the dividend payable to shareholders of Commercial National Financial Corporation (CEFC)?

The dividend is payable on January 2, 2024 to shareholders of record as of December 15, 2023.

What is the annualized dividend yield based on the recent closing price of CEFC shares?

The annualized dividend yield based on the recent closing price of $8.20 per share is 6.83%.