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 on March 1, 2022 to shareholders of record on February 15, 2022. This dividend amounts to approximately $2.1 million and provides an annualized yield of 2.35% based on the closing stock price of $23.80 on February 2, 2022. Civista, a $3.0 billion financial holding company, operates across Ohio, Indiana, and Kentucky, with its banking subsidiary, Civista Bank, managing 35 locations.

Positive

• Quarterly dividend of 14 cents per share increases shareholder income.
• Total dividend payout of approximately $2.1 million reflects strong financial standing.
• Annualized yield of 2.35% is attractive for income-focused investors.

Negative

• None.

SANDUSKY, Ohio, Feb. 4, 2022 /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 15, 2022, payable March 1, 2022. 

This dividend represents a payout of approximately $2.1 million.  Based on the Civista's closing stock price of common shares of $23.80 on February 2, 2022, the quarterly dividend produces an annualized yield of 2.35%.

About Civista Bancshares, Inc.:
Civista Bancshares, Inc. is a $3.0 billion financial holding company headquartered in Sandusky, Ohio.  Civista's banking subsidiary, Civista Bank, operates 35 locations in Northern, Central and Southwestern Ohio, Southeastern Indiana and Northern Kentucky.  Civista Bancshares, Inc. may be accessed at www.civb.com.  The Company's common shares are traded on the NASDAQ Capital Market under the symbol "CIVB".  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?

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

When will the dividend be paid to shareholders of Civista?

The dividend will be payable on March 1, 2022.

What are the record dates for the Civista dividend?

Shareholders of record will be on February 15, 2022.

What is the annualized yield of Civista's dividend?

The annualized yield is 2.35% based on a closing stock price of $23.80.