Civista Bancshares, Inc. Declares Fourth Quarter Common Dividend

Rhea-AI Summary

Civista Bancshares, Inc. (NASDAQ:CIVB) has announced a quarterly dividend of 14 cents per common share, with shareholders on record as of October 19, 2021. This dividend will be payable on November 1, 2021, amounting to approximately $2.1 million. Based on the closing stock price of $24.89 on October 6, 2021, the annualized yield from this dividend is 2.25%.

Civista Bancshares operates as a financial holding company with a total asset value of $2.9 billion, providing banking services across several regions.

Positive

• Quarterly dividend of 14 cents per share enhances shareholder income.
• Annualized yield of 2.25% indicates strong returns for investors.

Negative

• None.

SANDUSKY, Ohio, Oct. 8, 2021 /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 October 19, 2021, payable November 1, 2021. 

This dividend represents a payout of approximately $2.1 million.  Based on the Civista's closing stock price of common shares of $24.89 on October 6, 2021, the quarterly dividend produces an annualized yield of 2.25%.

About Civista Bancshares, Inc.:
Civista Bancshares, Inc. is a $2.9 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 is the dividend payment date for Civista Bancshares?

The dividend payment date is November 1, 2021.

What is the yield of the declared dividend for Civista Bancshares?

The annualized yield from the declared dividend is 2.25%.

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

The total payout amount for the dividend is approximately $2.1 million.