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Stock impact report

USCB Financial Holdings, Inc. Initiates Quarterly Cash Dividend Program and Announces Declaration of First Cash Dividend [Yahoo! Finance]

USCB Financial Holdings, Inc. - Class A (USCB) 
Company Research Source: Yahoo! Finance
Century Bank (the “Bank”), announced today that its Board of Directors approved a cash dividend program under which the Company intends to pay quarterly cash dividends. The inaugural quarterly dividend for the first quarter of 2024 will be $0.05 per share of Class A common stock, payable on March 5, 2024, to shareholders of record as of the close of business on February 15, 2024. Future dividend payments are subject to quarterly review and approval by the Board of Directors and will be targeted to be paid in the third month of the quarter. This first cash dividend represents an aggregate payout of approximately $978,000, or 36% of the Company's reported fourth quarter 2023 net income. Based on the closing stock price of USCB common shares of $12.15 on January 26, 2024, the quarterly dividend produces an annualized yield of 1.65%. Luis de la Aguilera, Chairman, President, and CEO stated, “ The Board's decision to initiate a dividend program, following a truly challenging year in th Show less Read more
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