Civista Bancshares, Inc. Declares First Quarter Common Dividend

Rhea-AI Summary

Civista Bancshares, Inc. announced a quarterly dividend of 14 cents per common share, to shareholders of record on February 14, 2023. This dividend, payable on March 1, 2023, totals approximately $2.2 million. Based on the stock price of $21.93 as of February 1, 2023, this results in an annualized yield of 2.55%. Civista Bancshares, a $3.2 billion financial holding company, operates through Civista Bank, which has 43 locations across Ohio, Southeastern Indiana, and Northern Kentucky. The company is committed to delivering returns to its shareholders through regular dividends.

Positive

• Quarterly dividend of 14 cents per share represents a payout of approximately $2.2 million.
• Annualized yield of 2.55% based on a stock price of $21.93.

Negative

• None.

SANDUSKY, Ohio, Feb. 3, 2023 /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 February 14, 2023, payable March 1, 2023.

This dividend represents a payout of approximately $2.2 million. Based on the Civista's closing stock price of common shares of $21.93 on February 1, 2023, the quarterly dividend produces an annualized yield of 2.55%.

About Civista Bancshares, Inc.:
Civista Bancshares, Inc., is a $3.2 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 Bank also offers commercial equipment leasing services for businesses nationwide through its subsidiary, Vision Financial Group, Inc. (VFG), centered in Pittsburgh, Pennsylvania. 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 is the amount of the dividend declared by Civista Bancshares?

Civista Bancshares declared a dividend of 14 cents per common share.

When is the dividend payable for Civista Bancshares?

The dividend is payable on March 1, 2023.

What is the annualized yield of Civista's dividend based on its stock price?

The annualized yield is 2.55% based on a stock price of $21.93.

What is the total amount of the dividend payout for Civista Bancshares?

The total dividend payout amounts to approximately $2.2 million.

What is the record date for the dividend of Civista Bancshares?

The record date for the dividend is February 14, 2023.