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Civista Bancshares, Inc. Declares First Quarter Common Dividend

1. Civista declared a quarterly dividend of 17 cents per share, a 1 cent increase. 2. The annualized yield from this dividend is 3.19% based on current stock price. 3. The dividend payout amounts to approximately $2.7 million. 4. Civista is a $4.1 billion financial holding company with 42 locations. 5. This event reflects positive financial stability and growth prospects for Civista.

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FAQ

Why Bullish?

The dividend increase signals strong company performance, boosting investor confidence. Similar past increases often led to stock price appreciation.

How important is it?

The announcement of a dividend increase is significant for investors, indicating strong financial health. This can influence buying decisions and stock valuation.

Why Short Term?

Investors may respond positively around the dividend payment date, influencing short-term stock price. Historical patterns show short-term spikes post-dividend announcements.

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CIVB
, /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") announced today that the Board of Directors has approved a quarterly dividend of 17 cents per common share, an increase of 1 cent per common share from the prior quarter, to shareholders of record February 4, 2025, payable February 18, 2025. This dividend represents a payout of approximately $2.7 million. Based on the Civista's closing stock price of common shares of $21.30 on January 21, 2025, the quarterly dividend produces an annualized yield of 3.19%. About Civista Bancshares, Inc.:Civista Bancshares, Inc., is a $4.1 billion financial holding company headquartered in Sandusky, Ohio. Its primary subsidiary, Civista Bank, was founded in 1884 and provides full-service banking, commercial lending, mortgage, and wealth management services. Today, Civista Bank operates 42 locations across Ohio, Southeastern Indiana and Northern Kentucky. Civista Leasing & Finance, a division of Civista Bank, offers commercial equipment leasing services for businesses nationwide. Civista Bancshares' common shares are traded on the NASDAQ Capital Market under the symbol "CIVB". Learn more at www.civb.com. This press release may contain forward-looking statements regarding the financial performance, business prospects, growth and operating strategies of Civista. For these statements, Civista claims the protections of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Statements in this press release should be considered in conjunction with the other information available about Civista, including the information in the filings we make with the Securities and Exchange Commission. SOURCE Civista Bancshares, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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