Isabella Bank Corporation Announces First Quarter 2021 Dividend

Rhea-AI Summary

Isabella Bank Corporation (OTCQX:ISBA) declared a first quarter cash dividend of $0.27 per common share at its board meeting on February 24, 2021. The dividend, which reflects the bank's financial strength, is payable on March 31, 2021 to shareholders on record as of March 26, 2021. Based on a closing stock price of $20.50, the annualized cash dividend yield stands at 5.27%. This move underscores the bank's commitment to stability amid ongoing pandemic challenges.

Positive

• Declared first quarter cash dividend of $0.27 per share.
• Annualized cash dividend yield of 5.27%.
• Demonstrated financial strength despite pandemic challenges.

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• None.

MT. PLEASANT, Mich., March 1, 2021 /PRNewswire/ -- Isabella Bank Corporation (OTCQX:ISBA) announced today that the Board of Directors of the Corporation declared a first quarter cash dividend of $0.27 per common share at its regular meeting held on February 24, 2021.  The dividend will be payable on March 31, 2021 to shareholders of record as of March 26, 2021.  Based on ISBA's closing stock price of $20.50 per share as of February 24, 2021, the annualized cash dividend yield was 5.27%.

"The Corporation's continued financial strength reinforces the strategic actions we have taken thus far to improve our performance metrics," said Jae A. Evans, President and Chief Executive Officer. "This dividend also reflects the stability we are maintaining as we address the ongoing challenges of a year old pandemic."

About the Corporation

Isabella Bank Corporation (OTCQX: ISBA) is the parent holding company of Isabella Bank, a state chartered bank headquartered in Mt. Pleasant, Michigan. Isabella Bank was established in 1903 and has been committed to serving the local banking needs of its customers and communities for 118 years. The Bank offers personal and commercial lending and deposit products, as well as investment, trust and estate planning services through Isabella Wealth. The Bank has locations throughout seven Mid-Michigan counties: Clare, Gratiot, Isabella, Mecosta, Midland, Montcalm, and Saginaw.

For more information about Isabella Bank Corporation, visit the Invest in Us link at www.isabellabank.com. Isabella Bank Corporation common stock is quoted on the OTCQX tier of the OTC Markets Group, Inc.'s electronic quotation system (www.otcmarkets.com) under the symbol "ISBA." The Corporation's market maker is Boenning & Scattergood, Inc. (www.boenninginc.com) and its investor relations firm is Renmark Financial Communications, Inc. (www.renmarkfinancial.com).

Forward-Looking Statements

This press release includes forward-looking statements. To the extent that the foregoing information refers to matters that may occur in the future, please be aware that such forward-looking statements may differ materially from actual results. Additional information concerning some of the factors that could cause materially different results is included in the sections entitled "Risk Factors" and "Forward Looking Statements" set forth in Isabella Bank Corporation's filings with the Securities and Exchange Commission, which are available from the Securities and Exchange Commission's Public Reference facilities and from its website at www.sec.gov.

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SOURCE Isabella Bank Corporation

FAQ

What is the dividend amount declared by ISBA for Q1 2021?

Isabella Bank Corporation declared a dividend of $0.27 per common share for Q1 2021.

When will the dividend be payable for ISBA?

The dividend will be payable on March 31, 2021.

What is the record date for ISBA's dividend?

The record date for the dividend is March 26, 2021.

What is the annualized dividend yield for ISBA?

The annualized cash dividend yield for ISBA is 5.27%.