CNB Corporation operates as the bank holding company for Citizens National Bank that provides various banking services to individuals, agricultural businesses, commercial businesses, and light industries in Michigan. It offers various deposit products, including checking, savings, money market, and individual retirement accounts, as well as certificates of deposit. The company also provides personal loans, such as home mortgage, home equity, and auto loans, as well as checkmate lines of credit; and business loans, which include term, equipment, commercial real estate, commercial construction, and small business administration loans, as well as business lines of credit. In addition, it offers cash and wealth management solutions; night depository, money order, cashier's check, coin counting, notary, fax, and wire transfer services; safe deposit boxes; bank by mail, mobile and online banking, e-statement, bill pay, remote deposit capture, telephone banking, and direct deposit services; and debit, ATM, merchant, prepaid and payroll, gift, and credit cards. The company operates through eight branches in Cheboygan, Presque Isle, and Emmet counties. CNB Corporation was founded in 1931 and is based in Cheboygan, Michigan.
CNB Dividend Announcement
• CNB announced a semi annually dividend of $0.40 per ordinary share which will be made payable on 2024-08-09. Ex dividend date: 2024-07-25
• CNB annual dividend for 2024 was $0.90
• CNB annual dividend for 2023 was $0.90
• CNB's trailing twelve-month (TTM) dividend yield is 5.14%
• CNB's dividend growth over the last five years (2018-2023) was 2.38% year
• CNB's dividend growth over the last ten years (2013-2023) was 24.57% year
CNB Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-25 | $0.40 | semi annually | 2024-08-09 |
2024-01-25 | $0.50 | semi annually | 2024-02-09 |
2023-07-26 | $0.40 | semi annually | 2023-08-11 |
2023-01-26 | $0.50 | semi annually | 2023-02-10 |
2022-07-27 | $0.40 | semi annually | 2022-08-12 |
2022-01-26 | $0.50 | semi annually | 2022-02-11 |
2021-07-21 | $0.40 | semi annually | 2021-08-13 |
2021-01-28 | $0.50 | semi annually | 2021-02-12 |
2020-07-23 | $0.40 | semi annually | 2020-08-07 |
2020-01-22 | $0.40 | semi annually | 2020-02-07 |
2019-07-25 | $0.40 | semi annually | 2019-08-09 |
2019-01-23 | $0.40 | semi annually | 2019-02-08 |
2018-07-26 | $0.40 | semi annually | 2018-08-10 |
2018-01-25 | $0.40 | semi annually | 2018-02-09 |
2017-07-25 | $0.40 | semi annually | 2017-08-11 |
2017-01-19 | $0.40 | semi annually | 2017-02-10 |
2016-07-26 | $0.25 | semi annually | |
2016-01-21 | $0.25 | semi annually | |
2015-07-21 | $0.15 | semi annually | |
2014-12-30 | $0.10 | semi annually | |
2014-07-08 | $0.10 | semi annually | |
2014-01-08 | $0.10 | semi annually | |
2013-08-30 | $0.10 | semi annually |
CNB Dividend per year
CNB Dividend growth
CNB Dividend Yield
CNB current trailing twelve-month (TTM) dividend yield is 5.14%. Interested in purchasing CNB stock? Use our calculator to estimate your expected dividend yield:
CNB Financial Ratios
CNB Dividend FAQ
Other factors to consider when evaluating CNB 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: CNB'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, CNB 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, CNB 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 CNB 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: CNB 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, CNB distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: CNB 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 CNB'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 CNB'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.