Citizens & Northern's last quarterly dividend was on Jan 26, 2024 (ex-date) with a distribution of $0.28 per share. On an annualized basis, the company has a current payout of $1.12 per share. This brings the dividend yield to 6.57% based on its recent close price.
CZNC has a dividend yield of 6.57% which is above the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 3.56%, Citizens & Northern's dividend yield is 85% higher. Historically CZNC's dividend yield has averaged at 5.0% in the last 5 years, which is below the current yield.
Citizens & Northern has been paying dividends since 1996. CZNC has issued four quarterly dividends in the last twelve months. The annualized DPS has not changed since one year ago. But with the stock price down by 18% from a year ago, the dividend yield has grown by 21%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Jan 26, 2024 | Feb 9, 2024 | Jan 18, 2024 | $0.28 | normal |
| Oct 27, 2023 | Nov 10, 2023 | Oct 19, 2023 | $0.28 | normal |
| Jul 28, 2023 | Aug 11, 2023 | Jul 20, 2023 | $0.28 | normal |
| Apr 28, 2023 | May 12, 2023 | Apr 20, 2023 | $0.28 | normal |
| Feb 2, 2023 | Feb 14, 2023 | Jan 19, 2023 | $0.28 | normal |
| Oct 28, 2022 | Nov 11, 2022 | Oct 20, 2022 | $0.28 | normal |
| Jul 29, 2022 | Aug 12, 2022 | Jul 21, 2022 | $0.28 | normal |
| Apr 29, 2022 | May 13, 2022 | Apr 21, 2022 | $0.28 | normal |
| Jan 28, 2022 | Feb 11, 2022 | Jan 20, 2022 | $0.28 | normal |
| Oct 29, 2021 | Nov 12, 2021 | Oct 21, 2021 | $0.28 | normal |
| Jul 30, 2021 | Aug 13, 2021 | Jun 22, 2021 | $0.28 | normal |
| Apr 30, 2021 | May 14, 2021 | Apr 22, 2021 | $0.28 | normal |
| Jan 29, 2021 | Feb 12, 2021 | Jan 21, 2021 | $0.27 | normal |
| Oct 30, 2020 | Nov 13, 2020 | Oct 22, 2020 | $0.27 | normal |
| Jul 24, 2020 | Aug 7, 2020 | Jul 16, 2020 | $0.27 | normal |
| Apr 24, 2020 | May 8, 2020 | Apr 16, 2020 | $0.27 | normal |
| Jan 24, 2020 | Feb 7, 2020 | Jan 16, 2020 | $0.27 | normal |
| Oct 25, 2019 | Nov 8, 2019 | Oct 17, 2019 | $0.27 | normal |
| Jul 26, 2019 | Aug 9, 2019 | Jul 18, 2019 | $0.27 | normal |
| Apr 26, 2019 | May 10, 2019 | Apr 18, 2019 | $0.27 | normal |
| Jan 25, 2019 | Feb 8, 2019 | Jan 17, 2019 | $0.1 | special |
| Jan 25, 2019 | Feb 8, 2019 | Jan 17, 2019 | $0.27 | normal |
| Oct 26, 2018 | Nov 9, 2018 | Oct 18, 2018 | $0.27 | normal |
| Jul 27, 2018 | Aug 10, 2018 | Jul 19, 2018 | $0.27 | normal |
| Apr 27, 2018 | May 11, 2018 | Apr 19, 2018 | $0.27 | normal |
| Jan 26, 2018 | Feb 9, 2018 | Jan 18, 2018 | $0.27 | normal |
| Oct 27, 2017 | Nov 10, 2017 | Oct 19, 2017 | $0.26 | normal |
| Jul 27, 2017 | Aug 11, 2017 | Jul 20, 2017 | $0.26 | normal |
| Apr 27, 2017 | May 12, 2017 | Apr 20, 2017 | $0.26 | normal |
| Jan 26, 2017 | Feb 10, 2017 | Jan 19, 2017 | $0.26 | normal |
| Oct 27, 2016 | Nov 14, 2016 | Oct 20, 2016 | $0.26 | normal |
| Jul 28, 2016 | Aug 12, 2016 | Jul 21, 2016 | $0.26 | normal |
| Apr 28, 2016 | May 13, 2016 | Apr 21, 2016 | $0.26 | normal |
CZNC has a payout ratio of 71.3% which is higher than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 39.4%, Citizens & Northern's payout ratio is 81% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| PWOD Penns Woods Bancorp Inc | 7.34% | $1.28 | 54.7% |
| CZNC Citizens & Northern Corp | 6.44% | $1.12 | 71.3% |
| NWFL Norwood Financial Corp | 4.96% | $1.18 | 56.7% |
| UVSP UNIVEST FINANCIAL Corp | 4.51% | $0.84 | 34.7% |
| CCNE Cnb Financial Corp | 3.83% | $0.7 | 27.3% |
| FNB Fnb Corp | 3.76% | $0.48 | 36.4% |
Yes, Citizens & Northern has been paying dividends for the last 28 years.
CZNC hasn't announced its next dividend date yet, however if we take into account its recent dividend frequency, it is likely that its next dividend will be in April 2024.
Citizens & Northern's last regular dividend was on Jan 26, 2024 (ex-date) with the amount of $0.28 per share.
CZNC's annualized dividend per share is $1.12.
The current dividend yield of Citizens & Northern is 6.57%.
Citizens & Northern pays dividends quarterly.
Citizens & Northern's dividend payout ratio is 71.3%.
Citizens & Northern's dividend yield is above the Financial Services sector average.