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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 1.93%
Citizens Bancshares's payout ratio for the trailing twelve months (TTM) is 14.34%

Citizens Bancshares Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-03-07$1.00annually2024-03-22
2023-02-14$0.75annually2023-03-01
2022-04-13$0.50annually2022-04-28
2020-04-09$0.35annually2020-04-22
2019-08-08$0.20annually2019-08-22
2019-04-10$0.30annually2019-04-22
2018-04-06$0.25annually2018-04-20
2017-05-08$0.08annually2017-05-15
2016-05-12$0.08annually2016-05-19
2015-04-13$0.08annually2015-04-30
2014-05-02$0.08annually2014-05-14
2013-05-07$0.08annually2013-05-16
2012-05-10$0.08annually2012-05-10

Citizens Bancshares Dividend per year

Citizens Bancshares Dividend growth

Citizens Bancshares Dividend Yield

Citizens Bancshares current trailing twelve-month (TTM) dividend yield is 1.93%. Interested in purchasing Citizens Bancshares stock? Use our calculator to estimate your expected dividend yield:

Citizens Bancshares Financial Ratios

P/E ratio8.07
PEG ratio0.42
P/B ratio0.56
ROE7.04%
Payout ratio14.34%
Current ratio0.30
Quick ratio0.30
Cash Ratio-0.00

Citizens Bancshares Dividend FAQ

How much is the next Citizens Bancshares dividend?
Citizens Bancshares's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Citizens Bancshares dividend. The next Citizens Bancshares dividend will be released in February.
When is Citizens Bancshares dividend paid?
Citizens Bancshares pays dividends on a annually basis. The specific dates may vary each year but are generally around February. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Citizens Bancshares pay?
The specific amount of Citizens Bancshares dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Citizens Bancshares's dividend history.
Does Citizens Bancshares stock pay dividends?
Yes, Citizens Bancshares does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Citizens Bancshares's dividend history.
How much dividend does Citizens Bancshares pay?
Citizens Bancshares paid $1.0 in 2024, $0.75 in 2023, $0.5 in 2022, $0.0 in 2021, and $0.35 in 2020.
How often does Citizens Bancshares pay dividends?
Citizens Bancshares typically pays dividends on a annually basis. This means that dividends are usually distributed 1 times a year. The specific payout dates may vary each year but generally fall around February.
What is Citizens Bancshares's dividend yield?
The current dividend yield for Citizens Bancshares is 1.93%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Citizens Bancshares's exact dividend yield.
When does Citizens Bancshares go ex dividend?
Citizens Bancshares's ex-dividend date for the latest dividend was on 2024-03-07. Citizens Bancshares typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Citizens Bancshares dividend paid?
Citizens Bancshares pays dividends on a annually basis, typically around February, but the exact dates can vary each year.
Will Citizens Bancshares increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Citizens Bancshares will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Citizens Bancshares dividend per share?
Citizens Bancshares paid $1.0 per share in 2024 and $0.75 per share in 2023. The amount of dividend per share that Citizens Bancshares pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Citizens Bancshares a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Citizens Bancshares a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Citizens Bancshares a dividend stock?
Yes, Citizens Bancshares is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Citizens Bancshares a good dividend stock?
Whether Citizens Bancshares is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Citizens Bancshares has a history of paying regular dividends, which can make it attractive to income-focused investors.

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.
Does Citizens Bancshares pay dividends monthly?
Citizens Bancshares typically pays dividends on a annually basis.
Does Citizens Bancshares pay dividends quarterly?
Citizens Bancshares currently pays dividends on a annually basis.
Has Citizens Bancshares ever paid a dividend?
Yes, Citizens Bancshares has a history of paying dividends to its shareholders. Citizens Bancshares is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Citizens Bancshares dividend stocks?
To buy Citizens Bancshares you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Citizens Bancshares stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Citizens Bancshares pay dividends 2024?
Citizens Bancshares pays dividends on a annually basis. 2024 dividend payments are in 2024-03-22. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Citizens Bancshares increase its dividend in 2024?
Decisions regarding Citizens Bancshares dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Citizens Bancshares dividend overview you can look into the above table of dividend history.
How Citizens Bancshares dividend works?
The Citizens Bancshares dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Citizens Bancshares's dividend process works:

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.
How are Citizens Bancshares dividends paid?
Citizens Bancshares dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

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.
How many times does Citizens Bancshares pay dividends?
Citizens Bancshares typically pays dividends on a annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Citizens Bancshares pay dividends?
The general pattern is that Citizens Bancshares pays dividends around February. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Citizens Bancshares dividend safe?
The safety of Citizens Bancshares's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

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.