Citizens Bancshares Corporation operates as the holding company for Citizens Trust Bank that provides various commercial banking services to individual and corporate customers. The company offers checking and savings accounts; and demand and money market deposits. Its loan products include commercial, financial, and agricultural loans; loans secured by personal property, such as automobiles, marketable securities, and other titled recreational vehicles and motorcycles, as well as unsecured consumer debt; commercial real estate loans; single-family residential loans; and construction and development loans. The company also offers investment accounts and certificate of deposit account registry services. In addition, it provides merchant services, which include point of sale terminal, credit and debit card processing, electronic benefits transfer, gift card, and Internet shopping cart services; cash management services; and credit cards. Further, the company offers online and mobile banking, and check reorder services. It operates five full-service branches in metropolitan Atlanta; one full-service branch in Birmingham, Alabama; and one full-service branch in Eutaw, Alabama. The company was founded in 1921 and is headquartered in Atlanta, Georgia.
Citizens Bancshares Dividend Announcement
• Citizens Bancshares announced a annually dividend of $1.00 per ordinary share which will be made payable on 2024-03-22. Ex dividend date: 2024-03-07
• Citizens Bancshares annual dividend for 2024 was $1.00
• Citizens Bancshares annual dividend for 2023 was $0.75
• Citizens Bancshares's trailing twelve-month (TTM) dividend yield is 1.85%
• Citizens Bancshares's payout ratio for the trailing twelve months (TTM) is 14.34%
Citizens Bancshares Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-03-07 | $1.00 | annually | 2024-03-22 |
2023-02-14 | $0.75 | annually | 2023-03-01 |
2022-04-13 | $0.50 | annually | 2022-04-28 |
2020-04-09 | $0.35 | annually | 2020-04-22 |
2019-08-08 | $0.20 | annually | 2019-08-22 |
2019-04-10 | $0.30 | annually | 2019-04-22 |
2018-04-06 | $0.25 | annually | 2018-04-20 |
2017-05-08 | $0.08 | annually | 2017-05-15 |
2016-05-12 | $0.08 | annually | 2016-05-19 |
2015-04-13 | $0.08 | annually | 2015-04-30 |
2014-05-02 | $0.08 | annually | 2014-05-14 |
2013-05-07 | $0.08 | annually | 2013-05-16 |
2012-05-10 | $0.08 | annually | 2012-05-10 |
Citizens Bancshares Dividend per year
Citizens Bancshares Dividend growth
Citizens Bancshares Dividend Yield
Citizens Bancshares current trailing twelve-month (TTM) dividend yield is 1.85%. Interested in purchasing Citizens Bancshares stock? Use our calculator to estimate your expected dividend yield:
Citizens Bancshares Financial Ratios
Citizens Bancshares Dividend FAQ
Other factors to consider when evaluating Citizens Bancshares 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 Bancshares'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 Bancshares 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 Bancshares 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 Bancshares 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 Bancshares 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 Bancshares 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 Bancshares 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 Bancshares'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 Bancshares'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.