Consumers Bancorp, Inc. operates as the bank holding company for the Consumers National Bank that provides various commercial and retail banking products and services for individuals, farmers, and small and medium-sized businesses. The company accepts various deposit products. It also provides commercial loans, which include financing for equipment, inventories, and accounts receivable; commercial real estate loans, including mortgage loans to farmers, owners of multi-family investment properties, developers, and owners of commercial real estate; residential real estate loans comprising one to four family residential real estate and home equity loans; and consumer loans consisting of automobile loans, personal lines of credit, and unsecured consumer loans. In addition, the company invests in securities consisting of obligations of the United States government sponsored entities, municipal obligations, and mortgage-backed securities. As of June 30, 2021, it operated 19 full-service branch locations and one loan production office in Carroll, Columbiana, Jefferson, Stark, Summit, and Wayne and contiguous counties in Ohio. The company was founded in 1965 and is headquartered in Minerva, Ohio.
Consumers Bancorp Dividend Announcement
• Consumers Bancorp announced a quarterly dividend of $0.19 per ordinary share which will be made payable on 2024-09-16. Ex dividend date: 2024-08-26
• Consumers Bancorp annual dividend for 2024 was $0.55
• Consumers Bancorp annual dividend for 2023 was $0.70
• Consumers Bancorp's trailing twelve-month (TTM) dividend yield is 3.86%
• Consumers Bancorp's payout ratio for the trailing twelve months (TTM) is 26.72%
• Consumers Bancorp's dividend growth over the last five years (2018-2023) was 6.54% year
• Consumers Bancorp's dividend growth over the last ten years (2013-2023) was 3.85% year
Consumers Bancorp Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-26 | $0.19 | quarterly | 2024-09-16 |
2024-05-24 | $0.18 | quarterly | 2024-06-14 |
2024-02-23 | $0.18 | quarterly | 2024-03-15 |
2023-11-24 | $0.18 | quarterly | 2023-12-15 |
2023-08-18 | $0.18 | quarterly | 2023-09-15 |
2023-05-19 | $0.17 | quarterly | 2023-06-15 |
2023-02-24 | $0.17 | quarterly | 2023-03-15 |
2022-11-18 | $0.17 | quarterly | 2022-12-15 |
2022-08-19 | $0.17 | quarterly | 2022-09-15 |
2022-05-20 | $0.16 | quarterly | 2022-06-15 |
2022-02-17 | $0.16 | quarterly | 2022-03-15 |
2021-11-23 | $0.16 | quarterly | 2021-12-15 |
2021-08-20 | $0.16 | quarterly | 2021-09-15 |
2021-05-21 | $0.15 | quarterly | 2021-06-15 |
2021-02-19 | $0.15 | quarterly | 2021-03-15 |
2020-11-20 | $0.14 | quarterly | 2020-12-15 |
2020-08-21 | $0.14 | quarterly | 2020-09-15 |
2020-05-21 | $0.14 | quarterly | 2020-06-15 |
2020-02-21 | $0.14 | quarterly | 2020-03-16 |
2019-11-22 | $0.14 | quarterly | 2019-12-16 |
2019-08-23 | $0.14 | quarterly | 2019-09-16 |
2019-05-23 | $0.13 | quarterly | 2019-06-17 |
2019-02-22 | $0.13 | quarterly | 2019-03-15 |
2018-11-23 | $0.13 | quarterly | 2018-12-17 |
2018-08-24 | $0.13 | quarterly | 2018-09-17 |
2018-05-24 | $0.12 | quarterly | 2018-06-15 |
2018-02-23 | $0.12 | quarterly | 2018-03-15 |
2017-11-24 | $0.12 | quarterly | 2017-12-15 |
2017-08-24 | $0.12 | quarterly | 2017-09-15 |
2017-05-18 | $0.12 | quarterly | 2017-06-15 |
2017-02-23 | $0.12 | quarterly | 2017-03-15 |
2016-11-23 | $0.12 | quarterly | |
2016-08-18 | $0.12 | quarterly | |
2016-05-19 | $0.12 | quarterly | |
2016-02-18 | $0.12 | quarterly | |
2015-11-19 | $0.12 | quarterly | |
2015-08-20 | $0.12 | quarterly | |
2015-05-20 | $0.12 | quarterly | |
2015-02-19 | $0.12 | quarterly | |
2014-11-20 | $0.12 | quarterly | |
2014-08-21 | $0.12 | quarterly | |
2014-05-22 | $0.12 | quarterly | |
2014-02-20 | $0.12 | quarterly | |
2013-11-21 | $0.12 | quarterly | |
2013-08-22 | $0.12 | quarterly | |
2013-05-23 | $0.12 | quarterly | |
2013-02-21 | $0.12 | quarterly |
Consumers Bancorp Dividend per year
Consumers Bancorp Dividend growth
Consumers Bancorp Dividend Yield
Consumers Bancorp current trailing twelve-month (TTM) dividend yield is 3.86%. Interested in purchasing Consumers Bancorp stock? Use our calculator to estimate your expected dividend yield:
Consumers Bancorp Financial Ratios
Consumers Bancorp Dividend FAQ
Other factors to consider when evaluating Consumers 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: Consumers 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, Consumers 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, Consumers 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 Consumers 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: Consumers 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, Consumers 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: Consumers 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 Consumers 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 Consumers 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.