Pinnacle Bancshares Declares $0.27 Per Share Quarterly Cash Dividend

Rhea-AI Summary

Pinnacle Bancshares has declared a quarterly cash dividend of $0.27 per share, payable on June 14, 2024, to stockholders of record as of June 4, 2024. This quarterly dividend translates to an annualized rate of $1.08 per share. The announcement was made by the company's Board of Directors and is part of their ongoing commitment to shareholder returns.

Positive

• Pinnacle Bancshares declared a quarterly dividend of $0.27 per share.
• The annualized dividend rate is $1.08 per share.
• Dividend payment date is June 14, 2024.
• Stockholders of record as of June 4, 2024, are eligible for this dividend.
• Regular dividend payments indicate financial stability and shareholder commitment.

Negative

• No information on revenue or profit growth in the announcement.
• Dividend payments can reduce the company's cash reserves.
• No details provided on business or market conditions affecting future performance.

JASPER, Ala.--(BUSINESS WIRE)-- Pinnacle Bancshares, Inc. (OTCBB: PCLB) today announced that its Board of Directors has approved a quarterly cash dividend of $0.27 per share. The dividend is payable June 14, 2024 to stockholders of record on June 4, 2024. The quarterly amount is equivalent to an annualized rate of $1.08 per share.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240522996625/en/

JOE ADAMS, III, CFO

(205) 221-8866

Source: Pinnacle Bancshares, Inc.

FAQ

What is the dividend amount declared by Pinnacle Bancshares?

Pinnacle Bancshares declared a quarterly cash dividend of $0.27 per share.

When is the Pinnacle Bancshares dividend payable?

The dividend is payable on June 14, 2024.

What is the annualized rate of the Pinnacle Bancshares dividend?

The annualized rate of the dividend is $1.08 per share.

Who is eligible for the Pinnacle Bancshares dividend?

Stockholders of record on June 4, 2024, are eligible for the dividend.