CBB Bancorp, Inc. Plans Quarterly Dividend of $0.10 (OTCMKTS:CBBI)

CBB Bancorp, Inc. (OTCMKTS:CBBI) announced a quarterly dividend on Thursday, January 30th. Shareholders who are on the records by February 14th will receive a dividend of $0.10 per share on February 28th. This dividend indicates an annualized payout of $0.40, resulting in a dividend yield of 3.77%. The ex-dividend date, which is the cutoff date for being eligible for the dividend, is set for February 14th.

CBB Bancorp Stock Performance

On Friday, CBB Bancorp's stock remained unchanged at $10.60 during trading hours. The trading volume for that day was 18,919 shares, which is significantly higher than its average volume of 4,220 shares. The company's 50-day simple moving average is $10.67, while the 200-day simple moving average stands at $10.45. CBB Bancorp has a market capitalization of $112.25 million, a price-to-earnings (PE) ratio of 4.73, and a beta of 0.54. Over the past year, the stock has fluctuated between a low of $9.22 and a high of $11.50.

CBB Bancorp recently reported its quarterly earnings on January 31st, announcing earnings per share (EPS) of $0.54 for the quarter.

Company Overview

CBB Bancorp, Inc. functions as the holding company for Commonwealth Business Bank, offering a variety of commercial banking services. These services cater to both individuals and businesses across the United States. The bank provides checking and savings accounts, money market accounts, certificates of deposit, SBA lending, lines of credit for businesses, commercial property loans, construction loans, and credit cards.

Conclusion

The announcement of the quarterly dividend reflects the company's solid financial position and commitment to returning value to shareholders.

Dividend, Finance, Stocks