Citizens Bancshares Co. (OTCMKTS:CZBS) Plans Dividend Increase – $1.10 Per Share

Citizens Bancshares Co. (OTCMKTS:CZBS) declared an annual dividend on Monday, March 3rd, NASDAQ Dividends reports. Investors of record on Monday, March 10th will be paid a dividend of 1.10 per share by the financial services provider on Monday, March 24th. This represents a dividend yield of 2.07%. The ex-dividend date of this dividend is Monday, March 10th. This is a 10.0% increase from Citizens Bancshares’s previous annual dividend of $1.00.

Citizens Bancshares Stock Up 1.4 %

Shares of CZBS opened at $54.00 on Friday. Citizens Bancshares has a 1 year low of $44.40 and a 1 year high of $63.00. The stock has a 50 day simple moving average of $52.51 and a two-hundred day simple moving average of $52.43.

Citizens Bancshares Company Profile

Citizens Bancshares Corporation operates as the holding company for Citizens Trust Bank that provides various commercial banking services to individual and corporate customers. The company offers checking and savings accounts; and demand and money market deposits. Its loan products include commercial, financial, and agricultural loans; loans secured by personal property, such as automobiles, marketable securities, and other titled recreational vehicles and motorcycles, as well as unsecured consumer debt; commercial real estate loans; single-family residential loans; and construction and development loans.