CNB Community Bancorp, Inc. operates as the bank holding company for County National Bank that provides retail and commercial banking services in Michigan. The company accepts various checking and savings accounts; individual retirement accounts; and time deposits and certificates of deposit. It also provides personal, automobile, boat, recreational and commercial vehicle, commercial and residential real estate, business equipment, and agricultural loans; home equity and operating lines of credit; insurance products; floor plans; SBA, USDA, and other guaranteed loans; fixed and variable rate products; and mortgages. In addition, the company offers ATM, and debit and credit cards; remote deposit, automated clearing house/cash management, overdraft, trust and estate settlement, investment management, private banking, and retirement and financial planning services, as well as mobile, online, and telephone banking services. It operates through 13 branches located in Hillsdale, Jackson, Lenawee, and Calhoun counties, as well as 2 loan production offices and 19 ATMs. CNB Community Bancorp, Inc. was founded in 1934 and is headquartered in Hillsdale, Michigan.
CNB Community Bancorp Dividend Announcement
• CNB Community Bancorp announced a quarterly dividend of $0.29 per ordinary share which will be made payable on 2024-10-11. Ex dividend date: 2024-09-30
• CNB Community Bancorp annual dividend for 2024 was $0.87
• CNB Community Bancorp annual dividend for 2023 was $1.07
• CNB Community Bancorp's trailing twelve-month (TTM) dividend yield is 2.64%
• CNB Community Bancorp's dividend growth over the last five years (2018-2023) was 39.85% year
CNB Community Bancorp Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-30 | $0.29 | quarterly | 2024-10-11 |
2024-06-28 | $0.29 | quarterly | 2024-07-12 |
2024-03-27 | $0.29 | quarterly | 2024-04-12 |
2023-12-28 | $0.20 | quarterly | 2024-01-12 |
2023-09-28 | $0.29 | quarterly | 2023-10-13 |
2023-06-29 | $0.29 | quarterly | 2023-07-14 |
2023-03-30 | $0.29 | quarterly | 2023-04-14 |
2022-12-29 | $0.20 | quarterly | 2023-01-13 |
2022-09-29 | $0.28 | quarterly | 2022-10-14 |
2022-06-29 | $0.27 | quarterly | 2022-07-15 |
2022-03-30 | $0.27 | quarterly | 2022-04-15 |
2021-12-30 | $0.20 | quarterly | 2022-01-14 |
2021-09-29 | $0.27 | quarterly | 2021-10-15 |
2021-06-29 | $0.27 | quarterly | 2021-07-16 |
2021-03-30 | $0.27 | quarterly | 2021-04-16 |
2020-12-30 | $0.20 | quarterly | 2021-01-15 |
2020-09-29 | $0.26 | quarterly | 2020-10-16 |
2020-06-29 | $0.26 | quarterly | 2020-07-17 |
2020-03-30 | $0.26 | quarterly | 2020-04-17 |
2019-12-30 | $0.20 | quarterly | 2020-01-17 |
2019-09-27 | $0.26 | quarterly | 2019-10-18 |
2019-06-27 | $0.25 | quarterly | 2019-07-19 |
2019-03-28 | $0.25 | quarterly | 2019-04-19 |
2018-12-28 | $0.20 | quarterly | 2019-01-18 |
CNB Community Bancorp Dividend per year
CNB Community Bancorp Dividend growth
CNB Community Bancorp Dividend Yield
CNB Community Bancorp current trailing twelve-month (TTM) dividend yield is 2.64%. Interested in purchasing CNB Community Bancorp stock? Use our calculator to estimate your expected dividend yield:
CNB Community Bancorp Financial Ratios
CNB Community Bancorp Dividend FAQ
Other factors to consider when evaluating CNB Community Bancorp 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 Community Bancorp'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 Community Bancorp 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 Community Bancorp 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 Community Bancorp 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 Community Bancorp 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 Community Bancorp 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 Community Bancorp 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 Community Bancorp'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 Community Bancorp'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.