Citizens & Northern Corp (NASDAQ:CZNC) Announces Quarterly Dividend of $0.28

Citizens & Northern Corp (NASDAQ:CZNC - Get Free Report) announced a quarterly dividend on Thursday, October 23rd. Investors of record on Monday, November 3rd will be given a dividend of 0.28 per share by the financial services provider on Friday, November 14th. This represents a c) dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Monday, November 3rd.Citizens & Northern has a dividend payout ratio of 56.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Citizens & Northern to earn $2.02 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 55.4%. Get Citizens & Northern alerts:Citizens & Northern Trading Up 1.0%CZNC traded up $0.20 on Friday, reaching $19.44. 15,081 shares of the company's stock were exchanged, compared to its average volume of 35,940. The company's 50 day moving average is $19.79 and its 200-day moving average is $19.33. The company has a market cap of $301.63 million, a price-to-earnings ratio of 11.11 and a beta of 0.56. Citizens & Northern has a twelve month low of $17.85 and a twelve month high of $22.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.94 and a current ratio of 0.94. Citizens & Northern (NASDAQ:CZNC - Get Free Report) last posted its earnings results on Tuesday, June 15th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter. Citizens & Northern had a net margin of 16.77% and a return on equity of 9.60%. The firm had revenue of $26.87 million during the quarter. Equities analysts predict that Citizens & Northern will post 1.91 earnings per share for the current year. Citizens & Northern Company Profile (Get Free Report)Citizens & Northern Corp. is a holding company, which engages in community banking. It provides a full range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York State. The firm's lending products include mortgage loans, commercial loans, and consumer loans.Further ReadingFive stocks we like better than Citizens & NorthernWhen to Sell a Stock for Profit or Loss3 Regional Bank Stocks That Crushed Q3 EarningsHow to Calculate Options ProfitsFreeport-McMoRan Posts Strong Earnings Despite Indonesia ShutdownWhy Are These Companies Considered Blue Chips?Quantum Computing Stocks Are on Fire: 3 to Watch Right NowThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Citizens & Northern Right Now?Before you consider Citizens & Northern, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Citizens & Northern wasn't on the list.While Citizens & Northern currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here