Tag: financials
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Community Trust Bancorp raises dividend by 4.5%, its 43rd straight year of dividend growth
On July 25, 2023, the Board of Directors of Community Trust Bancorp, Inc. (NASDAQ: CTBI) increased its quarterly cash dividend to $0.46 per share beginning with the October 1, 2023 payment to shareholders of record on September 15, 2023. This represents an increase of 4.5% in the quarterly cash dividend. “We are pleased to have…
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Community Bank System announces 2.3% increase in dividend
Community Bank System, Inc. (NYSE: CBU) (the “Company”) announced that it has declared a quarterly cash dividend of $0.45 per share on its common stock. The dividend will be payable on October 10, 2023 to shareholders of record as of September 15, 2023. The $0.45 cash dividend represents a $0.01, or 2.27%, increase and an…
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Fed’s moves continue to harm community banks
One size fits all approach to anything saves some but kills others. So goes the Federal Reserve’s policy of continually raising interest rates in an effort to curb inflation. While the “too big to fail” banks get plenty of help from the federal government small institutions struggle to compete. Hopefully the fed can slow down…
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Bank OZK $OZK raises dividend by 2.9%
Bank OZK (the “Bank”) (Nasdaq: OZK) announced its Board of Directors declared a quarterly cash dividend on the Bank’s common stock of $0.36 per share, up $0.01, or 2.86% from the prior quarter. The common stock dividend is payable on July 21, 2023 to shareholders of record as of July 14, 2023. Bank OZK has increased its quarterly cash dividend on its common stock…
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Arrow Financial (AROW) risks NASDAQ delisting
Arrow Financial, a regional bank in New York, faces the risk of being delisted from the NASDAQ stock exchange after failing to file its 2022 annual report and its first quarterly report with the SEC on time. The bank was to submit a plan to NASDAQ by June 2, 2023 to show how it will…
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CIBC raises dividend by 2.4%, continuing it’s streak to 13 years
CIBC (TSX: CM) (NYSE: CM) announced today that its Board of Directors declared a dividend of $0.87 per share on common shares for the quarter ending July 31, 2023, an increase of $0.02 per share from the previous quarter. This dividend is payable on July 28, 2023 to shareholders of record at the close of business on June 28, 2023. CIBC