LCNB Corp. Announces 2024 First Quarter Dividend

Rhea-AI Summary

LCNB Corp. (Nasdaq: LCNB) declares a 4.8% increase in cash dividend to $0.22 per common share, with a record date of March 1, 2024, and payment on March 15, 2024.

Positive

• LCNB Corp. announces a 4.8% rise in cash dividend to $0.22 per common share compared to the previous year.
• The dividend has a record date of March 1, 2024, and will be paid to shareholders on March 15, 2024.

Negative

• None.

Insights

Financial Analyst

The announcement by LCNB Corp. of a cash dividend increase to $0.22 per common share represents a strategic move that may signal confidence in the company's financial stability and profitability. This 4.8% increase from the previous year suggests that LCNB Corp. is generating sufficient cash flow to reward its shareholders, which can be an attractive proposition for current and potential investors. It is essential to consider the payout ratio, or the proportion of earnings paid out as dividends, to evaluate whether this increase is sustainable in the long term without compromising the company's financial health.

Furthermore, the dividend yield, calculated by dividing the annual dividends per share by the stock's price, will be an important metric for investors to monitor. An increase in dividends can lead to a higher yield, making the stock more appealing to income-focused investors. However, it is crucial to balance this with the company's growth prospects, as a high payout ratio can limit the funds available for reinvestment in the business.

Market Research Analyst

Dividend declarations are often interpreted by the market as signals regarding a company's future prospects. The 4.8% increase in LCNB Corp.'s dividend payout may be perceived as a positive indicator of the company's future earnings potential and financial health. It is important to analyze this move in the context of the banking industry's current trends, such as interest rate changes, loan demand and regulatory environment, which can all impact a bank's profitability.

Investors may also compare the dividend growth rate with that of other banks in the sector to gauge LCNB Corp.'s performance relative to its peers. In addition, the timing of the dividend, with a record date of March 1, 2024 and a payment date of March 15, 2024, should be considered in relation to the company's earnings release cycle and any seasonal patterns in banking sector performance.

LEBANON, Ohio--(BUSINESS WIRE)-- LCNB Corp. (Nasdaq: LCNB) today announced that the Company’s Board of Directors declared a cash dividend of $0.22 per common share, which is a 4.8% increase over the same period last year. The common stock cash dividend will have a record date of March 1, 2024, and is payable to shareholders on March 15, 2024.

About LCNB Corp.

LCNB Corp. is a financial holding company headquartered in Lebanon, Ohio. Through its subsidiary, LCNB National Bank (the “Bank”), it serves customers and communities in Southwest and South-Central Ohio and Northern Kentucky. A financial institution with a long tradition for building strong relationships with customers and communities, the Bank offers convenient banking locations in Butler, Clermont, Clinton, Fayette, Franklin, Hamilton, Montgomery, Preble, Ross, and Warren Counties, Ohio. The Bank also provides community-oriented banking services to customers in Northern Kentucky through a bank office in Boone County, Kentucky. The Bank continually strives to exceed customer expectations and provides an array of services for all personal and business banking needs including checking, savings, online banking, personal lending, business lending, agricultural lending, business support, deposit and treasury, investment services, trust and IRAs and stock purchases. LCNB Corp. common shares are traded on the NASDAQ Capital Market Exchange® under the symbol “LCNB.” Learn more about LCNB Corp. at www.lcnb.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240215998354/en/

Company Contact:

Eric J. Meilstrup

President Chief Executive Officer

LCNB National Bank

(513) 932-1414

Shareholderrelations@lcnb.com

Investor and Media Contact:

Andrew M. Berger

Managing Director

SM Berger & Company, Inc.

(216) 464-6400

andrew@smberger.com

Source: LCNB Corp.

FAQ

What is the latest cash dividend declared by LCNB Corp. (Nasdaq: LCNB)?

LCNB Corp. (Nasdaq: LCNB) declared a cash dividend of $0.22 per common share, representing a 4.8% increase over the previous year.

When is the record date for the recent dividend declared by LCNB Corp. (Nasdaq: LCNB)?

The record date for the cash dividend announced by LCNB Corp. (Nasdaq: LCNB) is March 1, 2024.

When will the cash dividend be paid to shareholders by LCNB Corp. (Nasdaq: LCNB)?

The cash dividend declared by LCNB Corp. (Nasdaq: LCNB) will be paid to shareholders on March 15, 2024.