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Stock impact report

USCB Financial Holdings Declares Initial Dividend of 5 Cents [MarketWatch]

USCB Financial Holdings, Inc. - Class A (USCB) 
Company Research Source: MarketWatch
The new dividend will be payable on March 5 to shareholders of record at the close of business on Feb. 15. "This first cash dividend represents an aggregate payout of approximately $978,000, or 36% of the company's reported fourth quarter 2023 net income," the company said. Advertisement The dividend, equal to 20 cents annually, represents an annualized yield of 1.65% based on the company's closing stock price of $12.15 on Jan. 26, USCB said. Future dividends are subject to quarterly review and approval by the board, the company said. Luis de la Aguilera, chairman, president, and chief executive officer, said "The board's decision to initiate a dividend program, following a truly challenging year in the banking sector, reflects the confidence in the company's performance, as well as the commitment of our board to drive shareholder value by returning capital to shareholders while maintaining a strong balance sheet to support the growth of our bank." USCB Financial Holdings i Show less Read more
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