Civista Bancshares, Inc. Declares First Quarter Common Dividend

Rhea-AI Summary

Civista Bancshares, Inc. (NASDAQ: CIVB) announced a quarterly dividend of 14 cents per common share, payable March 1, 2023, to shareholders of record on February 14, 2023. This dividend totals approximately $2.2 million and yields 2.55% based on the stock's closing price of $21.93 on February 1, 2023. Civista, a financial holding company with assets of $3.2 billion, operates 43 locations across Ohio, Southeastern Indiana, and Northern Kentucky, providing a range of banking services.

Positive

• Quarterly dividend of 14 cents per share indicates company confidence.
• Dividend payout of $2.2 million benefitting shareholders.

Negative

• None.

SANDUSKY, Ohio, Feb. 3, 2023 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ: CIVB) ("Civista") announced today that the Board of Directors has approved a quarterly dividend of 14 cents per common share to shareholders of record February 14, 2023, payable March 1, 2023.

This dividend represents a payout of approximately $2.2 million. Based on the Civista's closing stock price of common shares of $21.93 on February 1, 2023, the quarterly dividend produces an annualized yield of 2.55%.

About Civista Bancshares, Inc.:
Civista Bancshares, Inc., is a $3.2 billion financial holding company headquartered in Sandusky, Ohio. Its primary subsidiary, Civista Bank, was founded in 1884 and provides full-service banking, commercial lending, mortgage, and wealth management services. Today, Civista Bank operates 43 locations across Ohio, Southeastern Indiana, and Northern Kentucky. Civista Bank also offers commercial equipment leasing services for businesses nationwide through its subsidiary, Vision Financial Group, Inc. (VFG), centered in Pittsburgh, Pennsylvania. Civista Bancshares' common shares are traded on the NASDAQ Capital Market under the symbol "CIVB". Learn more at www.civb.com.

This press release may contain forward-looking statements regarding the financial performance, business prospects, growth and operating strategies of Civista. For these statements, Civista claims the protections of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Statements in this press release should be considered in conjunction with the other information available about Civista, including the information in the filings we make with the Securities and Exchange Commission.

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SOURCE Civista Bancshares, Inc.

FAQ

What is the dividend amount declared by Civista Bancshares in February 2023?

Civista Bancshares declared a dividend of 14 cents per common share.

When will Civista Bancshares pay the declared dividend?

The dividend will be paid on March 1, 2023.

What is the yield of the Civista Bancshares dividend based on the stock price?

The dividend yield is 2.55%, based on a stock price of $21.93.

What is the total payout amount for the Civista Bancshares dividend?

The total dividend payout is approximately $2.2 million.

How many locations does Civista Bank operate?

Civista Bank operates 43 locations across Ohio, Southeastern Indiana, and Northern Kentucky.