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CNB Community Bancorp, Inc. Declares Quarterly Cash Dividend of $0.27 Per Share

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(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary

On March 18, 2022, CNB Community Bancorp (OTCQX: CNBB) declared a quarterly cash dividend of $0.27 per share, unchanged from the previous quarter. This dividend is payable on April 15, 2022 to shareholders on record by March 31, 2022. CNB Community Bancorp operates as a one-bank holding company, with its subsidiary, County National Bank, offering comprehensive financial services in South Central Michigan since 1934. The bank has over $1 billion in assets and was recognized among the top 200 publicly traded banks under $2 billion by American Banker Magazine in 2021.

Positive
  • Quarterly dividend of $0.27 per share announced, consistent with prior quarter.
  • CNB has over $1 billion in assets, indicating solid financial health.
  • Recognized as one of the top 200 publicly traded banks under $2 billion.
Negative
  • None.

HILLSDALE, Mich., March 18, 2022 /PRNewswire/ -- CNB Community Bancorp, Inc. (OTCQX:CNBB) announced that the Board of Directors has declared a quarterly cash dividend on the Company's common stock in the amount of $0.27 per share, consistent with the dividend paid for the 3rd Quarter of 2021, payable on April 15, 2022 for shareholders of record on March 31, 2022.

About CNB Community Bancorp, Inc.
CNB Community Bancorp Inc. (OTCQX:CNBB) is a one-bank holding company.  Its subsidiary bank, County National Bank ("CNB"), is a nationally chartered full-service community bank that also offers investment management and trust services, which has been serving South Central Michigan since 1934. In 2021, CNB was ranked 23rd in American Banker Magazine's Top 200 publicly traded banks under $2 billion and CNB has grown to over $1 billion in assets. The corporate headquarters are in Hillsdale, Michigan.  CNB provides a wide array of financial products and services through its 13 full-service offices and 19 ATMs.

Cision View original content:https://www.prnewswire.com/news-releases/cnb-community-bancorp-inc-declares-quarterly-cash-dividend-of-0-27-per-share-301505815.html

SOURCE CNB Community Bancorp, Inc.

FAQ

What is the dividend amount declared by CNBB?

CNB Community Bancorp declared a dividend of $0.27 per share.

When will the dividend be paid to shareholders of CNBB?

The dividend will be paid on April 15, 2022.

What is the record date for the CNBB dividend?

The record date for the dividend is March 31, 2022.

How has CNBB performed in terms of assets?

CNB has grown to over $1 billion in assets.

Is the dividend sustainable for CNB Community Bancorp?

The consistent dividend indicates a stable financial position, but further analysis would be needed for long-term sustainability.

CNB COMMUNITY BNCP INC

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Banks - Regional
Financial Services
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United States of America
Hillsdale