Isabella Bank Corporation Announces Fourth Quarter 2021 Dividend

Rhea-AI Summary

Isabella Bank Corporation (OTCQX:ISBA) declared a fourth-quarter cash dividend of $0.27 per share on November 23, 2021, reflecting its commitment to increasing shareholder value. The dividend, payable on December 17, 2021, to shareholders of record as of December 14, yields an annualized cash dividend of 3.99% based on a closing price of $27.10 on the declaration date. The company attributes this dividend to strong financial performance and effective initiatives aimed at enhancing metrics, contributing to recent stock appreciation.

Positive

• Declared a cash dividend of $0.27 per share, enhancing shareholder returns.
• Annualized cash dividend yield of 3.99% based on the stock price.

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• None.

MT. PLEASANT, Mich., Nov. 30, 2021 /PRNewswire/ -- Isabella Bank Corporation (OTCQX:ISBA) today announced its Board of Directors declared a fourth-quarter cash dividend of $0.27 per common share at its regular meeting on November 23, 2021. The dividend will be payable December 17, 2021, to shareholders of record as of December 14, 2021. Based on ISBA's closing stock price of $27.10 per share as of November 23, 2021, the annualized cash dividend yield is 3.99%.

"Our $0.27 fourth quarter cash dividend is a reflection of our unwavering commitment to increase shareholder value," said Jae A. Evans, President and Chief Executive Officer. "Our strong financial results coupled with our successful initiatives implemented to enhance performance metrics have resulted in the recent appreciation in the value of our stock."

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 Isabella Bank Corporation for Q4 2021?

Isabella Bank Corporation declared a dividend of $0.27 per share for Q4 2021.

When is the dividend payment date for ISBA?

The dividend will be paid on December 17, 2021.

What is the record date for the dividend of Isabella Bank Corporation?

The record date for the dividend is December 14, 2021.

What is the annualized cash dividend yield based on ISBA's stock price?

The annualized cash dividend yield is 3.99% based on a closing stock price of $27.10.