Citizens Holding (NASDAQ:CIZN) Plans $0.16 Quarterly Dividend

Citizens Holding (NASDAQ:CIZN) announced a quarterly dividend on Tuesday, November 26th,NASDAQ Dividends reports. Shareholders of record on Monday, December 16th will be paid a dividend of 0.16 per share by the bank on Tuesday, December 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.31%. The ex-dividend date is Monday, December 16th.

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

Citizens Price Performance

Shares of NASDAQ CIZN traded up $0.18 during trading hours on Wednesday, reaching $8.75. The stock had a trading volume of 1,035 shares, compared to its average volume of 5,445. The company has a market cap of $49.35 million, a price-to-earnings ratio of 14.34 and a beta of -0.02. Citizens has a twelve month low of $6.64 and a twelve month high of $10.50. The business’s fifty day moving average is $8.85 and its two-hundred day moving average is $8.48.

Citizens (NASDAQ:CIZN) last announced its quarterly earnings data on Friday, October 25th. The bank reported $0.06 earnings per share (EPS) for the quarter. Citizens had a net margin of 4.44% and a return on equity of 7.54%. The company had revenue of $10.08 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Citizens in a report on Monday. They set a “sell” rating on the stock.

Citizens Company Profile

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.