CSB Bancorp, Inc. operates as the bank holding company for The Commercial and Savings Bank of Millersburg that provides a various banking, trust, financial, and brokerage services to corporate, institutional, and individual customers in Northeast Ohio. Its deposit products include checking and savings accounts, time deposits, and IRAs; and loan portfolio comprises personal, commercial, real estate mortgage, installment, consumer, and residential and commercial real estate loans. The company also provides safe deposit and night depository facilities. As of January 26, 2022, it had sixteen banking centers located in Holmes, Wayne, Tuscarawas, and Stark counties; and Trust offices located in Millersburg, North Canton, and Wooster, Ohio. The company was founded in 1879 and is based in Millersburg, Ohio.
CSB Bancorp Dividend Announcement
• CSB Bancorp announced a quarterly dividend of $0.40 per ordinary share which will be made payable on 2024-12-17. Ex dividend date: 2024-12-03
• CSB Bancorp annual dividend for 2024 was $1.58
• CSB Bancorp annual dividend for 2023 was $1.50
• CSB Bancorp's trailing twelve-month (TTM) dividend yield is 4.01%
• CSB Bancorp's payout ratio for the trailing twelve months (TTM) is 36.50%
• CSB Bancorp's dividend growth over the last five years (2018-2023) was 8.89% year
CSB Bancorp Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-03 | $0.40 | quarterly | 2024-12-17 |
2024-09-03 | $0.40 | quarterly | 2024-09-17 |
2024-06-04 | $0.39 | quarterly | 2024-06-18 |
2024-03-04 | $0.39 | quarterly | 2024-03-19 |
2023-12-04 | $0.38 | quarterly | 2023-12-19 |
2023-09-01 | $0.38 | quarterly | 2023-09-19 |
2023-06-05 | $0.38 | quarterly | 2023-06-20 |
2023-03-06 | $0.36 | quarterly | 2023-03-21 |
2022-12-05 | $0.35 | quarterly | 2022-12-20 |
2022-09-02 | $0.33 | quarterly | 2022-09-20 |
2022-06-03 | $0.31 | quarterly | 2022-06-21 |
2022-04-14 | $0.31 | quarterly | 2022-04-26 |
2021-12-06 | $0.31 | quarterly | 2021-12-21 |
2021-10-04 | $0.31 | quarterly | 2021-10-26 |
2021-07-02 | $0.30 | quarterly | 2021-07-20 |
2021-04-05 | $0.30 | quarterly | 2021-04-20 |
2020-12-07 | $0.29 | quarterly | 2020-12-22 |
2020-10-05 | $0.28 | quarterly | 2020-10-20 |
2020-07-06 | $0.28 | quarterly | 2020-07-21 |
2020-04-06 | $0.28 | quarterly | 2020-04-21 |
2019-12-02 | $0.28 | quarterly | 2019-12-17 |
2019-10-07 | $0.28 | quarterly | 2019-10-22 |
2019-07-08 | $0.26 | quarterly | 2019-07-23 |
2019-04-01 | $0.26 | quarterly | 2019-04-16 |
2018-12-03 | $0.26 | quarterly | 2018-12-18 |
2018-10-05 | $0.24 | quarterly | 2018-10-23 |
2018-07-09 | $0.24 | quarterly | 2018-07-24 |
2018-04-02 | $0.24 | quarterly | 2018-04-24 |
2017-12-04 | $0.22 | quarterly | 2017-12-19 |
2017-10-06 | $0.22 | quarterly | 2017-10-24 |
2017-06-29 | $0.20 | quarterly | 2017-07-25 |
2017-03-31 | $0.20 | quarterly | 2017-04-18 |
CSB Bancorp Dividend per year
CSB Bancorp Dividend growth
CSB Bancorp Dividend Yield
CSB Bancorp current trailing twelve-month (TTM) dividend yield is 4.01%. Interested in purchasing CSB Bancorp stock? Use our calculator to estimate your expected dividend yield:
CSB Bancorp Financial Ratios
CSB Bancorp Dividend FAQ
Other factors to consider when evaluating CSB 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: CSB 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, CSB 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, CSB 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 CSB 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: CSB 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, CSB 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: CSB 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 CSB 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 CSB 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.