Citizens Holding announces dividend of $0.16 per share

PHILADELPHIA, Miss. - Citizens Holding Company (OTCQX:CIZN) has declared a quarterly cash dividend of $0.16 per share to be paid out on September 30, 2024, for shareholders on record as of September 16, 2024. The announcement was made earlier today, reflecting the company's ongoing strategy to deliver shareholder value.

Stacy Brantley, CEO of Citizens Holding Company, expressed satisfaction with the ability to continue the dividend payments, citing the company's robust capital strength and commitment to its shareholders. The declared dividend translates to an approximate yield of 7% for the company's shareholders.

Citizens Holding Company, a one-bank holding entity, is the parent organization of The Citizens Bank of Philadelphia. The bank operates across fourteen counties in Mississippi, offering a spectrum of commercial banking services, along with mortgage loans and title insurance through partnerships. Additionally, it provides a suite of internet banking services to its customers.

The company's shares are traded on the OTCQX Best Market under the ticker symbol CIZN. Citizens Holding Company has appointed American Stock Transfer & Trust Company as its transfer agent, and investor relations information is available on the company's website.

The press release also contained forward-looking statements, which are predictions based on current expectations about future events. These statements are not guarantees of future performance, and the company cautions that actual results may differ due to a variety of factors. Citizens Holding Company does not assume the obligation to update any forward-looking statements post their issuance.

This dividend announcement is based on a press release statement from Citizens Holding Company.

In other recent news, Citizens Holding Company announced a quarterly cash dividend of $0.16 per share, reflecting its strong capital position and commitment to delivering shareholder value. The dividend is set to be disbursed to shareholders on record as of June 14, 2024. CEO Stacy Brantley emphasized the company's dedication to its shareholders, indicating the dividend as a sign of its robust financial standing.

Furthermore, the company operates as a one-bank holding entity, serving customers across fourteen counties in Mississippi. It offers a range of commercial banking services, mortgage loans, and title insurance services in partnership with third parties, along with a comprehensive set of internet banking services.

The announcement also contained forward-looking statements based on current assumptions about the company's future operations. These assumptions, subject to change, carry inherent risks and uncertainties that could impact Citizens Holding Company's performance. The company does not commit to updating these forward-looking statements after their release. These are the recent developments for the company.

InvestingPro Insights

Citizens Holding Company (OTCQX:CIZN) has recently announced its upcoming dividend, showcasing its commitment to providing shareholder value. According to InvestingPro data, the company boasts a market capitalization of $52.75 million and is trading at a price-to-earnings (P/E) ratio of 12.3, reflecting its earnings relative to its share price. Notably, the company's P/E ratio has remained stable over the last twelve months as of Q2 2024, at 12.32, suggesting consistency in its valuation metrics.

InvestingPro Tips indicate that the stock may be in overbought territory, with an RSI suggesting heightened buying activity that could precede a price correction. The company is also trading at a high earnings multiple, which could suggest that its stock is priced optimistically relative to its earnings. Despite these cautions, Citizens Holding Company has shown a strong return over the last five years, which could be indicative of its long-term performance and resilience.

For investors interested in further analysis, additional InvestingPro Tips are available, which delve into aspects such as the company's gross profit margins and stock price movements in relation to market trends. There are a total of 9 InvestingPro Tips listed for Citizens Holding Company, which can be found at: https://www.investing.com/pro/CIZN for those seeking a deeper investment understanding.

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