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CNB Community Bancorp raises dividend to $0.30 per share

Published 14/03/2025, 12:06
CNB Community Bancorp raises dividend to $0.30 per share
CNBB
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HILLSDALE, Mich. - CNB Community Bancorp, Inc. (OTCQX:CNBB) has announced an increase in its quarterly cash dividend. The Board of Directors declared a dividend of $0.30 per share, which shows a slight uptick from the $0.29 per share distributed in the first quarter of the previous year. This new dividend is scheduled for payment on April 11, 2025, to shareholders who are on record as of March 31, 2025. The increase marks the company’s 8th consecutive year of dividend raises, with the current yield standing at 4.07%. InvestingPro analysis reveals several more key dividend metrics and growth indicators available to subscribers.

CNB Community Bancorp, Inc., the parent company of County National Bank (CNB), operates as a one-bank holding company with a market capitalization of $84.71 million. CNB is a nationally chartered community bank that offers a broad range of financial services, including investment management and trust services. With a history dating back to 1934, the bank has established a significant presence in Southern Michigan. Trading at a P/E ratio of 6.79, InvestingPro analysis suggests the stock is currently trading above its Fair Value.

The bank operates through its 13 full-service offices and 19 ATMs across the region. In 2024, CNB was recognized by American Banker Magazine, ranking 85th in the Top 100 publicly traded banks with assets under $2 billion, highlighting its performance within the sector.

The increase in the dividend reflects the company’s commitment to providing value to its shareholders and its confidence in the bank’s financial stability and growth prospects. Shareholders can expect the upcoming dividend to be payable in just under a month.

This financial move by CNB Community Bancorp, Inc. is based on a press release statement from the company and is intended to inform shareholders and the market of the latest dividend declaration.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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