1. Civista Bancshares announced a quarterly dividend of 17 cents per share. 2. The dividend payout totals approximately $2.7 million. 3. Annualized yield based on recent price is 3.38%. 4. Civista operates 42 locations across Ohio, Indiana, and Kentucky. 5. Company emphasizes financial performance and growth strategies.
Stable dividends signal financial health and shareholder value enhancement, similar to past patterns in dividend-paying banks which often lead to positive stock performance.
Stable dividends indicate strong cash flows and commitment to returns, contributing positively to stock trajectory in the short run.
The upcoming dividend payment could boost investor sentiment and stock price soon, as immediate cash flow is a positive incentive for shareholders.
SANDUSKY, Ohio, April 16, 2025 /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, equivalent from the prior quarter, to shareholders of record date April 29, 2025, payable May 13, 2025.
This dividend represents a payout of approximately $2.7 million. Based on Civista's closing stock price of common shares of $19.54 on March 31, 2025, the quarterly dividend produces an annualized yield of 3.38%.
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.