Civista Bancshares, Inc. Declares Second Quarter Common Dividend

Rhea-AI Summary

Civista Bancshares, Inc. (NASDAQ:CIVB) declared a quarterly dividend of 16 cents per common share, totaling $2.5 million, with an annualized yield of 4.17%. The company operates Civista Bank, founded in 1884, with 43 locations across Ohio, Southeastern Indiana, and Northern Kentucky. Civista's common shares trade on NASDAQ under the symbol 'CIVB'.

Positive

• Civista Bancshares, Inc. declared a quarterly dividend of 16 cents per common share, totaling $2.5 million
• The annualized yield of the dividend is 4.17%
• Civista Bank, the primary subsidiary, was founded in 1884 and operates 43 locations across Ohio, Southeastern Indiana, and Northern Kentucky
• Civista's common shares trade on NASDAQ under the symbol 'CIVB'

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• None.

SANDUSKY, Ohio, April 26, 2024 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") announced today that the Board of Directors has approved a quarterly dividend of 16 cents per common share to shareholders of record May 7, 2024, payable May 22, 2024. 

This dividend represents a payout of approximately $2.5 million.  Based on the Civista's closing stock price of common shares of $15.35 on April 24, 2024, the quarterly dividend produces an annualized yield of 4.17%.

About Civista Bancshares, Inc.:

Civista Bancshares, Inc., is a $3.9 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 Leasing & Finance, a division of Civista Bank, offers commercial equipment leasing services for businesses nationwide.  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 dividend did Civista Bancshares, Inc. declare for the second quarter?

Civista Bancshares, Inc. declared a quarterly dividend of 16 cents per common share.

When is the dividend payable to shareholders?

The dividend is payable on May 22, 2024.

What is the annualized yield of the dividend?

The annualized yield of the dividend is 4.17%.

Where are Civista Bank's locations?

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

On which stock exchange are Civista Bancshares' common shares traded?

Civista Bancshares' common shares trade on NASDAQ under the symbol 'CIVB'.