Civista Bancshares, Inc. Declares Second Quarter Common Dividend

Rhea-AI Summary

Civista Bancshares, Inc. (NASDAQ:CIVB) announced a quarterly dividend of 12 cents per common share, totaling approximately $1.9 million. Shareholders of record by April 20, 2021 will receive this dividend, payable on May 1, 2021. Based on the April 8 closing stock price of $23.27, the annualized yield stands at 2.06%. Civista, a financial holding company with a total asset value of $2.8 billion, operates through 37 banking locations across Ohio, Indiana, and Kentucky.

Positive

• Quarterly dividend of 12 cents per share.
• Total payout of approximately $1.9 million.
• Annualized yield of 2.06% based on recent stock price.

Negative

• None.

SANDUSKY, Ohio, April 9, 2021 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") announced today that the Board of Directors has approved a quarterly dividend of 12 cents per common share to shareholders of record April 20, 2021, payable May 1, 2021.

This dividend represents a payout of approximately $1.9 million.  Based on the Civista's closing stock price of common shares of $23.27 on April 8, 2021, the quarterly dividend produces an annualized yield of 2.06%.

About Civista Bancshares, Inc.:
Civista Bancshares, Inc. is a $2.8 billion financial holding company headquartered in Sandusky, Ohio.  Civista's banking subsidiary, Civista Bank, operates 37 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 12 cents per share.

When is the Civista Bancshares dividend payment date?

The dividend payment date for Civista Bancshares is May 1, 2021.

Who are the shareholders of record for the Civista Bancshares dividend?

Shareholders of record by April 20, 2021, are eligible for the dividend.

What is the annualized yield of Civista Bancshares' dividend?

The annualized yield of the dividend is 2.06% based on the closing stock price of $23.27.

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

The total payout for the dividend is approximately $1.9 million.