MILLERSBURG, Ohio - CSB Bancorp, Inc. (OTC Pink: CSBB), a financial holding company, has announced a second quarter cash dividend of $0.39 per share. The dividend is scheduled for payment on June 18, 2024, to shareholders who are on record as of June 4, 2024.
The company, which is based in Millersburg, Ohio, reported having assets totaling approximately $1.2 billion as of March 31, 2024. CSB Bancorp operates primarily through its wholly owned subsidiary, The Commercial and Savings Bank. The bank provides a full suite of financial services to both individual consumers and businesses.
The Commercial and Savings Bank operates sixteen banking centers across Holmes, Stark, Tuscarawas, and Wayne counties. Additionally, the company has trust offices in Millersburg, North Canton, and Wooster, Ohio, as well as a loan production office in Medina, Ohio.
This dividend declaration follows CSB Bancorp's ongoing efforts to deliver value to its shareholders and reflects the company's financial stability and commitment to its dividend policy. The dividend amount of $0.39 per share is part of the company's regular quarterly payouts to its investors.
The information disclosed in this announcement is based on a press release statement from CSB Bancorp, Inc. As a financial institution, CSB Bancorp, Inc. is subject to regulatory oversight and operates within the banking industry, which includes numerous competitors offering similar banking and financial services to consumers and businesses.
CSB Bancorp, Inc. has not disclosed any further strategic plans or financial goals in relation to the dividend announcement. Shareholders and investors are encouraged to consider this dividend declaration as part of their overall assessment of the company's financial performance and position.
InvestingPro Insights
CSB Bancorp, Inc. (OTC Pink: CSBB) has recently announced a quarterly dividend, showcasing its commitment to shareholder returns. To provide a deeper understanding of the company's financial health and market position, here are some insights based on real-time data from InvestingPro.
InvestingPro Data indicates that CSB Bancorp, Inc. has a market capitalization of $105.12 million, with a P/E ratio of 7.66. This valuation reflects the company's earnings over the last twelve months as of Q1 2024. The company's revenue in the same period was $41.59 million, with a slight decline of 0.41%. Despite this, CSB Bancorp maintains a strong operating income margin of 42.52%.
One of the InvestingPro Tips for CSB Bancorp highlights that the company is trading at a high P/E ratio relative to its near-term earnings growth. This could be a point of consideration for investors who are evaluating the company's future earnings potential against its current market valuation. Additionally, analysts are predicting a sales decline in the current year, which may influence investor sentiment.
CSB Bancorp's recent dividend declaration is supported by its history of profitability over the last twelve months. However, it's important to note that the company does not pay a dividend to shareholders, according to another InvestingPro Tip. This could be a key factor for income-focused investors when assessing the attractiveness of CSB Bancorp's stock.
For investors looking for more comprehensive analysis and additional InvestingPro Tips, there are 9 more tips available for CSB Bancorp on InvestingPro. To access these insights and enhance your investment strategy, consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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