Citizens Financial Services, Inc. Declares Quarterly Cash Dividend

Rhea-AI Summary

The Board of Directors of Citizens Financial Services has declared a cash dividend of $0.47 per share, payable on December 30, 2021, to shareholders of record as of December 16, 2021. This represents a 3.2% increase over the previous year's dividend of $0.456 per share, adjusted for a 1% stock dividend in June 2021. The bank holding company, with assets of $2.05 billion, operates 30 offices across Pennsylvania, Delaware, and New York.

Positive

• Declared a cash dividend of $0.47 per share, showing confidence in financial stability.
• 3.2% increase in dividend from the previous year indicates growth and commitment to returning value to shareholders.

Negative

• None.

MANSFIELD, Pa., Dec. 16, 2021 /PRNewswire/ -- The Board of Directors of Citizens Financial Services, Inc. (OTCPink: CZFS), the bank holding company for First Citizens Community Bank (FCCB), recently declared a cash dividend for its shareholders.

The cash dividend of $0.47 per share is payable on December 30, 2021 to shareholders of record at the close of business on December 16, 2021. This quarterly cash dividend is an increase of 3.2% over the regular cash dividend of $0.456 per share declared one year ago, as adjusted for the 1% stock dividend declared in June 2021. 

Citizens Financial Services, Inc. is a $2.05 billion bank holding company conducting business through First Citizens Community Bank (FCCB).  First Citizens Community Bank (FCCB) operates 30 offices in Pennsylvania, Delaware and New York. 

For further information regarding the common stock of Citizens Financial Services, Inc., please contact any of the following firms:  Automated Trading Desk, 866-283-2831; Boenning & Scattergood, Inc., 800-842-8928; Keefe, Bruyette & Woods, Inc., 800-342-5529; Monroe Securities Inc., 800-766-5560; Pershing LLC, 201-413-2700; RBC Capital Markets Corp., 800-959-5951; Sandler O' Neill & Partners, 212-466-8020; Stifel, Nicolaus & Co., Inc., 973-549-4200; UBS Securities, LLC, 203-719-8710.

Note: This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors. These factors include operating, legal and regulatory risks; changing economic and competitive conditions and other risks and uncertainties.

View original content:https://www.prnewswire.com/news-releases/citizens-financial-services-inc-declares-quarterly-cash-dividend-301447006.html

SOURCE Citizens Financial Services, Inc.

FAQ

What is the dividend amount declared by CZFS?

The dividend amount declared by Citizens Financial Services is $0.47 per share.

When is the dividend payable for CZFS?

The dividend is payable on December 30, 2021.

What was the previous year's dividend for CZFS?

The previous year's dividend was $0.456 per share, adjusted for a 1% stock dividend.

What percentage increase does the new dividend represent?

The new dividend represents a 3.2% increase over the previous year's dividend.