Citizens Bancorp of Virginia, Inc. operates as the bank holding company for Citizens Bank and Trust Company that provides commercial banking products and services to businesses and individuals in the United States. It accepts checking and savings, certificates of deposit, and individual retirement accounts, as well as provides credit cards. The company also provides commercial loans, such as commercial real estate mortgages and construction loans, small business working capital loans, small business lines of credit, SBA guaranteed loans, and investment property loans. In addition, it offers consumer loans, including automobile, signature, boat, and personal property loans; and real estate loans comprising home equity lines of credit, fixed rate mortgages, adjustable rate mortgages, conventional and jumbo loan programs, first-time home buyer programs, home improvement loans, bridge loans, new home construction loans, and commercial construction loans, as well as second homes/vacation properties, investment, commercial, industrial, and apartment loans. Further, the company provides merchant services; and investment and brokerage services. It operates in Virginia counties of Nottoway, Amelia, Prince Edward, Brunswick, Buckingham, Charlotte, Chesterfield, Cumberland, Dinwiddie, Lunenburg, Mecklenburg, and Powhatan; and the cities of Colonial Heights, Richmond, and Petersburg. The company was founded in 1873 and is headquartered in Blackstone, Virginia.
Citizens Bancorp of Virginia Dividend Announcement
• Citizens Bancorp of Virginia announced a quarterly dividend of $0.28 per ordinary share which will be made payable on 2024-10-11. Ex dividend date: 2024-10-01
• Citizens Bancorp of Virginia annual dividend for 2024 was $0.82
• Citizens Bancorp of Virginia annual dividend for 2023 was $1.07
• Citizens Bancorp of Virginia's trailing twelve-month (TTM) dividend yield is 3.69%
• Citizens Bancorp of Virginia's dividend growth over the last five years (2018-2023) was 3.99% year
• Citizens Bancorp of Virginia's dividend growth over the last ten years (2013-2023) was 4.19% year
Citizens Bancorp of Virginia Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-01 | $0.28 | quarterly | 2024-10-11 |
2024-07-01 | $0.27 | quarterly | 2024-07-12 |
2024-03-28 | $0.27 | quarterly | 2024-04-12 |
2023-12-29 | $0.27 | quarterly | 2024-01-12 |
2023-09-29 | $0.27 | quarterly | 2023-10-13 |
2023-06-30 | $0.27 | quarterly | 2023-07-14 |
2023-03-31 | $0.26 | quarterly | 2023-04-14 |
2022-12-30 | $0.26 | quarterly | 2023-01-16 |
2022-09-30 | $0.26 | quarterly | 2022-10-14 |
2022-07-01 | $0.25 | quarterly | 2022-07-15 |
2022-04-01 | $0.25 | quarterly | 2022-04-15 |
2021-12-31 | $0.25 | quarterly | 2022-01-14 |
2021-10-01 | $0.25 | quarterly | 2021-10-15 |
2021-07-01 | $0.25 | quarterly | 2021-07-16 |
2021-04-01 | $0.24 | quarterly | 2021-04-16 |
2020-12-31 | $0.24 | quarterly | 2021-01-15 |
2020-09-30 | $0.24 | quarterly | 2020-10-15 |
2020-07-01 | $0.24 | quarterly | 2020-07-15 |
2020-04-01 | $0.24 | quarterly | 2020-04-16 |
2019-12-31 | $0.24 | quarterly | 2020-01-15 |
2019-09-30 | $0.24 | quarterly | 2019-10-11 |
2019-06-28 | $0.23 | quarterly | 2019-07-12 |
2019-03-29 | $0.23 | quarterly | 2019-04-12 |
2018-12-31 | $0.23 | quarterly | 2019-01-15 |
2018-09-28 | $0.23 | quarterly | 2018-10-12 |
2018-06-29 | $0.21 | quarterly | 2018-07-13 |
2018-03-29 | $0.21 | quarterly | 2018-04-13 |
2017-12-29 | $0.21 | quarterly | 2018-01-12 |
2017-09-29 | $0.21 | quarterly | 2017-10-13 |
2017-06-29 | $0.20 | quarterly | 2017-07-14 |
2017-03-30 | $0.20 | quarterly | 2017-04-14 |
2016-12-29 | $0.20 | quarterly | 2017-01-13 |
2016-09-29 | $0.20 | quarterly | 2016-10-14 |
2016-06-29 | $0.20 | quarterly | 2016-07-15 |
2016-03-31 | $0.20 | quarterly | 2016-04-15 |
2015-12-30 | $0.19 | quarterly | 2016-01-15 |
2015-09-29 | $0.19 | quarterly | 2015-10-14 |
2015-06-29 | $0.19 | quarterly | |
2015-03-30 | $0.19 | quarterly | |
2014-12-30 | $0.19 | quarterly | |
2014-09-29 | $0.19 | quarterly | |
2014-06-27 | $0.18 | quarterly | |
2014-03-28 | $0.18 | quarterly | |
2013-12-30 | $0.18 | quarterly | |
2013-09-27 | $0.18 | quarterly | |
2013-06-27 | $0.18 | quarterly | |
2013-03-27 | $0.17 | quarterly |
Citizens Bancorp of Virginia Dividend per year
Citizens Bancorp of Virginia Dividend growth
Citizens Bancorp of Virginia Dividend Yield
Citizens Bancorp of Virginia current trailing twelve-month (TTM) dividend yield is 3.69%. Interested in purchasing Citizens Bancorp of Virginia stock? Use our calculator to estimate your expected dividend yield:
Citizens Bancorp of Virginia Financial Ratios
Citizens Bancorp of Virginia Dividend FAQ
Other factors to consider when evaluating Citizens Bancorp of Virginia as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Citizens Bancorp of Virginia's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Citizens Bancorp of Virginia publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Citizens Bancorp of Virginia distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Citizens Bancorp of Virginia are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Citizens Bancorp of Virginia sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Citizens Bancorp of Virginia distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Citizens Bancorp of Virginia declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Citizens Bancorp of Virginia's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Citizens Bancorp of Virginia's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.