StockNews.AI
CCNE
StockNews.AI
273 days

CNB Financial Corporation Announces Quarterly Dividend for Series A Preferred Stock and Related Depositary Shares Distribution

1. CNB Financial declared a quarterly cash dividend of $0.4453125. 2. Dividend payable on November 29, 2024, for record holders by November 15. 3. CNB Financial holds approximately $6.0 billion in consolidated assets. 4. CNB Bank operates multiple divisions across Pennsylvania, Ohio, New York, and Virginia. 5. The bank offers diverse financial services, enhancing its market position.

3m saved
Insight
Article

FAQ

Why Bullish?

The dividend declaration signals financial stability, potentially boosting investor confidence.

How important is it?

Dividend announcements typically have a positive effect on stock valuations and investor interest.

Why Short Term?

The immediate expectation of dividend payment influences short-term trading behavior.

Related Companies

CCNEP
CLEARFIELD, Pa., Oct. 31, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of CNB Financial Corporation (Nasdaq: CCNE) (the "Corporation") has announced the declaration of a quarterly cash dividend of $0.4453125 per depositary share (Nasdaq: CCNEP), resulting from the Corporation’s declaration of a quarterly cash dividend of $17.8125 per share on its Series A Preferred Stock. The dividend is payable on November 29, 2024, to holders of record as of November 15, 2024. CNB Financial Corporation is a financial holding company with consolidated assets of approximately $6.0 billion. CNB Financial Corporation conducts business primarily through its principal subsidiary, CNB Bank. CNB Bank is a full-service bank engaging in a full range of banking activities and services, including trust and wealth management services, for individual, business, governmental, and institutional customers. CNB Bank operations include a private banking division, two loan production offices, one drive-up office, one mobile office, and 54 full-service offices in Pennsylvania, Ohio, New York, and Virginia. CNB Bank, headquartered in Clearfield, Pennsylvania, with offices in Central and North Central Pennsylvania, serves as the multi-brand parent to various divisions. These divisions include ERIEBANK, based in Erie, Pennsylvania, with offices in Northwest Pennsylvania and Northeast Ohio; FCBank, based in Worthington, Ohio, with offices in Central Ohio; BankOnBuffalo, based in Buffalo, New York, with offices in Western New York; Ridge View Bank, based in Roanoke, Virginia, with offices in the Southwest Virginia region; and Impressia Bank, a division focused on banking opportunities for women, which operates in CNB Bank's primary market areas. Additional information about CNB Financial Corporation may be found at www.CNBBank.bank.

Related News