Citizens Holding Declares Quarterly Dividend of $0.16 (NASDAQ:CIZN)

Citizens Holding (NASDAQ:CIZN) declared a quarterly dividend on Monday, June 3rd, NASDAQ reports. Investors of record on Friday, June 14th will be given a dividend of 0.16 per share by the bank on Friday, June 28th. This represents a $0.64 annualized dividend and a dividend yield of 8.18%. The ex-dividend date is Friday, June 14th.

Citizens has decreased its dividend payment by an average of 9.1% per year over the last three years.

Citizens Price Performance

Citizens stock traded down $0.01 during mid-day trading on Wednesday, hitting $7.82. The company’s stock had a trading volume of 104 shares, compared to its average volume of 7,132. The business has a 50 day moving average price of $7.80 and a 200-day moving average price of $8.07. Citizens has a 12 month low of $6.64 and a 12 month high of $12.65. The stock has a market cap of $44.04 million, a price-to-earnings ratio of 12.22 and a beta of -0.01.

Citizens (NASDAQ:CIZN) last issued its earnings results on Thursday, April 18th. The bank reported $0.51 earnings per share for the quarter. Citizens had a return on equity of 9.16% and a net margin of 5.28%. The company had revenue of $13.63 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Citizens in a report on Sunday. They issued a “sell” rating on the stock.

About Citizens

Citizens Holding Company operates as the bank holding company for The Citizens Bank of Philadelphia that provides various commercial and personal banking products and services. It offers demand deposits; and savings and time deposit accounts. The company also provides secured and unsecured loans; mortgage loans; single and multi-family housing, farm, residential and commercial construction, and commercial real estate loans; commercial, industrial, and agricultural production loans; and consumer loans, as well as issues letters of credit.