Citizens Holding Company Announces Quarterly Dividend
September 12 2023 - 3:15PM
Business Wire
Citizens Holding Company (the “Company”) (NASDAQ:CIZN) today
announced that its Board of Directors has declared a quarterly
dividend of $0.16 per share on its common stock. The dividend is
payable on September 29, 2023, to shareholders of record as of
September 22, 2023.
“We are pleased to announce our quarterly dividend, which
reflects our continued commitment to returning value to our
shareholders,” said Stacy Brantley, CEO of the Company. “While
certain headwinds to earnings persist, we are focused on
strengthening and improving customer service and offerings in order
to deepen and grow core relationships. We continue to analyze our
balance sheet seeking strategic opportunities to provide capital,
improve earnings, and manage interest rate risk.”
At a dividend of $0.16 per share, the Company’s dividend yield
is approximately 6%. This reflects the Company’s strong capital
position and our commitment to returning value to shareholders.
About Citizens Holding Company
Citizens Holding Company is a one-bank holding company and the
parent company of The Citizens Bank of Philadelphia, both
headquartered in Philadelphia, Mississippi. The Bank currently has
twenty-seven banking locations in fourteen counties throughout the
state of Mississippi. In addition to full service commercial
banking, the Company offers mortgage loans, title insurance
services through third party partnerships and a full range of
Internet banking services including online banking, bill pay and
cash management services for businesses. Internet services are
available at the Bank web site, www.thecitizensbankphila.com.
Citizens Holding Company stock is listed on the NASDAQ Global
Market and is traded under the symbol CIZN. The Company's transfer
agent is American Stock Transfer & Trust Company. Investor
relations information may be obtained at the corporate website,
https://www.thecitizensbankphila.com/investor-relations.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. All statements
other than statements of historical facts included in this release
regarding the Company’s business strategies, plans, objectives and
expectations for future operations, are forward-looking statements.
The Company can give no assurances that the assumptions upon which
such forward-looking statements are based will prove to have been
correct. Forward-looking statements speak only as of the date they
are made. The Company does not undertake a duty to update
forward-looking statements to reflect circumstances or events that
occur after the date the forward-looking statements are made. Such
forward-looking statements are subject to certain risks,
uncertainties and assumptions. The risks and uncertainties that may
affect the operation, performance, development and results of the
Company’s and the Bank’s business include, but are not limited to,
the following: (a) the risk of adverse changes in business
conditions in the banking industry generally and in the specific
markets in which the Company operates; (b) our ability to mitigate
our risk exposures; (c) changes in the legislative and regulatory
environment that negatively impact the Company and Bank through
increased operating expenses; (d) increased competition from other
financial institutions; (e) the impact of technological advances;
(f) expectations about the movement of interest rates, including
actions that may be taken by the Federal Reserve Board in response
to changing economic conditions; (g) changes in asset quality and
loan demand; (h) expectations about overall economic strength and
the performance of the economics in the Company’s market area; and
(i) other risks detailed from time to time in the Company’s filings
with the Securities and Exchange Commission. Should one or more of
these risks materialize or should any such underlying assumptions
prove to be significantly different, actual results may vary
significantly from those anticipated, estimated, projected or
expected.
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version on businesswire.com: https://www.businesswire.com/news/home/20230912881498/en/
Citizens Holding Company, Philadelphia Phillip R. Branch,
601/656-4692 Phillip.branch@thecitizensbank.bank
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