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

Citizens Financial Services, Inc. (NASDAQ:CZFS) announced a quarterly dividend on Tuesday, December 3rd,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 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Friday, December 13th.

Citizens Financial Services has a dividend payout ratio of 27.6% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of NASDAQ CZFS traded up $2.15 during midday trading on Thursday, hitting $71.32. The company’s stock had a trading volume of 28,846 shares, compared to its average volume of 11,772. The firm has a market cap of $339.48 million, a P/E ratio of 12.32 and a beta of 0.53. Citizens Financial Services has a 1-year low of $38.52 and a 1-year high of $75.40. The firm’s fifty day moving average price is $62.95 and its 200-day moving average price is $53.09. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.96 and a current ratio of 0.97.

About Citizens Financial Services

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.