Civista Bancshares, Inc. Increases Third Quarter Common Dividend by 17%

Rhea-AI Summary

Civista Bancshares, Inc. (CIVB) has declared a quarterly dividend of 14 cents per share, set for shareholders of record on July 20, 2021, and payable on August 2, 2021. This payout totals approximately $2.1 million and represents an annualized yield of 2.55% based on the closing stock price of $21.92 on July 7, 2021. Civista is a financial holding company with assets of $3.1 billion, operating 37 banking locations across Ohio and Indiana.

Positive

• Quarterly dividend of 14 cents per share, enhancing shareholder income.
• Annualized yield of 2.55%, indicating company confidence.

Negative

• None.

SANDUSKY, Ohio, July 9, 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 July 20, 2021, payable August 2, 2021.

This dividend represents a payout of approximately $2.1 million.  Based on the Civista's closing stock price of common shares of $21.92 on July 7, 2021, the quarterly dividend produces an annualized yield of 2.55%.

About Civista Bancshares, Inc.:
Civista Bancshares, Inc. is a $3.1 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 announced by Civista Bancshares (CIVB)?

Civista Bancshares announced a quarterly dividend of 14 cents per share.

When is the payment date for Civista Bancshares' dividend?

The dividend is payable on August 2, 2021.

What is the total amount of the dividend payout by Civista?

The total dividend payout is approximately $2.1 million.

What is the annualized yield of Civista's dividend?

The annualized yield is 2.55% based on the stock price of $21.92.