Citizens Financial Services, Inc. operates as the bank holding company for First Citizens Community Bank that provides various banking products and services for individual, business, governmental, and institutional customers. The company accepts various deposit products, such as checking, savings, and time deposit accounts. Its loan products include residential, commercial, and agricultural real estate loans; commercial and industrial loans; state and political subdivision loans; and consumer loans, as well as various other specialized financial services. The company also provides professional trust administration, investment management services, estate planning and administration, custody of securities, and individual retirement accounts. In addition, it offers brokerage and financial planning services, as well as assistance in various oil and gas leasing matters; and mutual funds, annuities, and health and life insurance products. As of December 31, 2021, the company operates thirty full-service banking branches in Potter, Tioga, Bradford, Clinton, Lebanon, Lancaster, Berks, Schuylkill, Centre, and Chester counties, Pennsylvania; Allegany County, New York; and Wilmington and Dover, Delaware, as well as a limited branch office in Union County, Pennsylvania. Citizens Financial Services, Inc. was founded in 1932 and is headquartered in Mansfield, Pennsylvania.
Citizens Financial Services Dividend Announcement
• Citizens Financial Services announced a quarterly dividend of $0.49 per ordinary share which will be made payable on 2024-09-27. Ex dividend date: 2024-09-13
• Citizens Financial Services annual dividend for 2024 was $1.47
• Citizens Financial Services annual dividend for 2023 was $1.95
• Citizens Financial Services's trailing twelve-month (TTM) dividend yield is 4.13%
• Citizens Financial Services's payout ratio for the trailing twelve months (TTM) is 33.79%
• Citizens Financial Services's dividend growth over the last five years (2018-2023) was 2.39% year
• Citizens Financial Services's dividend growth over the last ten years (2013-2023) was 5.10% year
Citizens Financial Services Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-13 | $0.49 | quarterly | 2024-09-27 |
2024-06-14 | $0.49 | quarterly | 2024-06-28 |
2024-03-14 | $0.49 | quarterly | 2024-03-29 |
2023-12-14 | $0.49 | quarterly | 2023-12-29 |
2023-09-14 | $0.49 | quarterly | 2023-09-29 |
2023-06-08 | $0.49 | quarterly | 2023-06-30 |
2023-03-09 | $0.48 | quarterly | 2023-03-31 |
2022-12-15 | $0.48 | quarterly | 2022-12-30 |
2022-09-15 | $0.48 | quarterly | 2022-09-30 |
2022-06-09 | $0.47 | quarterly | 2022-06-24 |
2022-03-10 | $0.47 | quarterly | 2022-03-25 |
2021-12-15 | $0.47 | quarterly | 2021-12-30 |
2021-09-15 | $0.47 | quarterly | 2021-09-30 |
2021-06-10 | $0.47 | quarterly | 2021-06-25 |
2021-03-11 | $0.46 | quarterly | 2021-03-26 |
2020-12-14 | $0.46 | quarterly | 2020-12-29 |
2020-09-10 | $0.46 | quarterly | 2020-09-25 |
2020-06-11 | $0.46 | quarterly | 2020-06-26 |
2020-03-12 | $0.56 | quarterly | 2020-03-27 |
2019-12-12 | $0.45 | quarterly | 2019-12-27 |
2019-09-12 | $0.45 | quarterly | 2019-09-27 |
2019-06-13 | $0.45 | quarterly | 2019-06-28 |
2019-03-14 | $0.45 | quarterly | 2019-03-29 |
2018-12-13 | $0.43 | quarterly | 2018-12-28 |
2018-09-13 | $0.44 | quarterly | 2018-09-28 |
2018-06-14 | $0.43 | quarterly | 2018-06-29 |
2018-03-15 | $0.43 | quarterly | 2018-03-30 |
2017-12-14 | $0.43 | quarterly | 2017-12-29 |
2017-09-14 | $0.43 | quarterly | 2017-09-29 |
2017-06-14 | $0.40 | quarterly | 2017-06-30 |
2017-03-15 | $0.42 | quarterly | 2017-03-31 |
2016-12-14 | $0.42 | quarterly | 2016-12-30 |
2016-09-14 | $0.42 | quarterly | 2016-09-30 |
2016-06-21 | $0.41 | quarterly | 2016-06-30 |
2016-03-16 | $0.41 | quarterly | 2016-03-24 |
2015-12-16 | $0.41 | quarterly | 2015-12-30 |
2015-09-16 | $0.50 | quarterly | 2015-09-25 |
2015-06-17 | $0.40 | quarterly | 2015-06-26 |
2015-03-18 | $0.40 | quarterly | 2015-03-27 |
2014-12-11 | $0.40 | quarterly | 2014-12-22 |
2014-09-17 | $0.99 | quarterly | 2014-09-26 |
2014-06-18 | $0.38 | quarterly | 2014-06-27 |
2014-03-19 | $0.38 | quarterly | 2014-03-28 |
2013-12-17 | $0.38 | quarterly | 2013-12-27 |
2013-09-18 | $0.28 | quarterly | 2013-09-27 |
2013-06-19 | $0.27 | quarterly | 2013-06-28 |
2013-03-20 | $0.27 | quarterly | 2013-03-29 |
Citizens Financial Services Dividend per year
Citizens Financial Services Dividend growth
Citizens Financial Services Dividend Yield
Citizens Financial Services current trailing twelve-month (TTM) dividend yield is 4.13%. Interested in purchasing Citizens Financial Services stock? Use our calculator to estimate your expected dividend yield:
Citizens Financial Services Financial Ratios
Citizens Financial Services Dividend FAQ
Other factors to consider when evaluating Citizens Financial Services 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 Financial Services'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 Financial Services 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 Financial Services 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 Financial Services 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 Financial Services 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 Financial Services 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 Financial Services 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 Financial Services'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 Financial Services'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.