LCNB Corporation (LCNB) to Issue Quarterly Dividend of $0.22 on September 15th

LCNB Corporation (NASDAQ:LCNBGet Free Report) announced a quarterly dividend on Thursday, August 20th. Investors of record on Tuesday, September 1st will be given a dividend of 0.22 per share by the bank on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Tuesday, September 1st.

LCNB has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 7 years. LCNB has a payout ratio of 53.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect LCNB to earn $1.83 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 48.1%.

LCNB Price Performance

LCNB stock opened at $19.43 on Friday. LCNB has a 52-week low of $14.31 and a 52-week high of $21.32. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.37. The firm’s fifty day moving average is $18.81 and its 200 day moving average is $17.39. The company has a market cap of $277.07 million, a price-to-earnings ratio of 11.23 and a beta of 0.56.

LCNB (NASDAQ:LCNBGet Free Report) last issued its quarterly earnings data on Wednesday, July 15th. The bank reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.09. The business had revenue of $25.14 million during the quarter, compared to analysts’ expectations of $24.00 million. LCNB had a net margin of 19.69% and a return on equity of 8.92%. Sell-side analysts forecast that LCNB will post 1.73 EPS for the current fiscal year.

About LCNB

(Get Free Report)

LCNB Financial Corp (NASDAQ: LCNB) is the bank holding company for LCNB National Bank, a community-focused regional bank headquartered in Cincinnati, Ohio. Through its banking subsidiary, LCNB provides a full suite of deposit and lending solutions designed to meet the needs of individual consumers, small businesses, and middle-market commercial clients. The company emphasizes personalized service, offering checking, savings, money market, and certificate of deposit accounts alongside digital and mobile banking platforms.

On the lending side, LCNB National Bank extends a range of credit products, including commercial and industrial loans, real estate and construction financing, agricultural loans, residential mortgages, and consumer lending.

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Dividend History for LCNB (NASDAQ:LCNB)

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