Citizens Financial Services, Inc. (NASDAQ:CZFS) to Issue $0.49 Quarterly Dividend

Citizens Financial Services, Inc. (NASDAQ:CZFS) announced a quarterly dividend on Thursday, December 5th,Wall Street Journal reports. Shareholders of record on Friday, December 13th will be paid a dividend of 0.49 per share on Friday, December 27th. This represents a $1.96 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Friday, December 13th.

Citizens Financial Services has a payout ratio of 27.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Citizens Financial Services to earn $6.25 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 31.4%.

Citizens Financial Services Trading Up 3.1 %

Shares of Citizens Financial Services stock traded up $2.15 on Thursday, hitting $71.32. 28,846 shares of the company’s stock traded hands, compared to its average volume of 11,757. The firm’s 50-day moving average price is $62.95 and its two-hundred day moving average price is $53.09. The stock has a market capitalization of $339.48 million, a PE ratio of 11.95 and a beta of 0.53. Citizens Financial Services has a one year low of $38.52 and a one year high of $75.40. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.97 and a quick ratio of 0.96.

Citizens Financial Services Company Profile

Citizens Financial Services, Inc, a bank holding company, provides various banking products and services for individual, business, governmental, and institutional customers. The company accepts various deposit products, such as checking, savings, and time deposit accounts. Its loan products include residential, commercial, and agricultural real estate loans; commercial and industrial loans; state and political subdivision loans; and consumer loans, as well as various other specialized financial services.