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LOS ANGELES - CBB Bancorp, Inc. (OTCQX: CBBI), the parent company of Commonwealth Business Bank, has declared a quarterly cash dividend for its shareholders. The announced dividend is set at $0.10 per common share and is scheduled to be paid on May 23, 2025. Stockholders on record by the close of business on May 09, 2025, will be eligible for the dividend payout. The company has maintained a strong dividend track record, having raised its dividend for four consecutive years, with a notable 25% growth over the last twelve months. The current dividend yield stands at 3.89%.
CBB Bancorp operates primarily through its subsidiary, Commonwealth Business Bank, known as CBB Bank. The bank provides a range of financial services, focusing on the needs of small-to-medium-sized businesses. With a market capitalization of $108.85 million and trading at a P/E ratio of just 4.98, InvestingPro analysis suggests the stock is currently undervalued. It maintains a network of twelve full-service branches across various regions, including Los Angeles, Orange, and Dallas Counties, as well as locations in Honolulu, Hawaii, and Fort Lee, New Jersey. Additionally, the bank has three SBA regional offices and loan production offices in Georgia, Washington, and New York.
The declaration of dividends is a common practice among publicly traded companies, serving as a way to return a portion of their profits back to their shareholders. The announcement from CBB Bancorp follows this tradition, reflecting the company’s financial position and its commitment to providing value to its investors. InvestingPro subscribers can access additional insights, including 12+ more key metrics and analysis about CBB Bancorp’s financial health and valuation.
The dividend announcement is based on a press release statement from CBB Bancorp, Inc. and does not include any additional commentary or speculation regarding the company’s financial strategies or future performance.
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