Commercial National Financial Corporation Announces Quarterly Dividend

Rhea-AI Summary

Commercial National Financial (Pink Sheets: CEFC) announced on May 17, 2024, that its Board of Directors has declared a regular quarterly cash dividend of 14 cents per share. The dividend is payable on July 1, 2024, to shareholders of record on June 14, 2024. Based on the recent closing price of $8.54 per share, the annualized dividend yield is 6.56%.

Positive

• Declared regular quarterly cash dividend of 14 cents per share.
• Dividend payable on July 1, 2024, providing timely returns to shareholders.
• Annualized dividend yield at 6.56%, higher than many traditional savings options.

Negative

• No mention of company growth, revenue increases, or new business developments.
• The stock is listed on Pink Sheets, indicating potentially lower liquidity and higher risk.

ITHACA, Mich., May 17, 2024 (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 July 1, 2024 to shareholders of record on June 14, 2024.   Based on a recent closing price of $8.54 per share, the annualized dividend yield is 6.56%.

Contact:
Benjamin Ogle
CFO
(989) 875-5562

FAQ

What is the dividend per share for CEFC?

The dividend per share for CEFC is 14 cents.

When is the next dividend payable for CEFC?

The next dividend for CEFC is payable on July 1, 2024.

What is the record date for CEFC's upcoming dividend?

The record date for CEFC's upcoming dividend is June 14, 2024.

What is the annualized dividend yield for CEFC?

The annualized dividend yield for CEFC is 6.56%.

What is the recent closing price of CEFC's stock?

The recent closing price of CEFC's stock is $8.54 per share.