TALLAHASSEE – Capital City Bank (NASDAQ:CCBG) Group, Inc. (NASDAQ: CCBG), a prominent financial holding company based in Florida, has announced an increase in its quarterly cash dividend. The Board of Directors declared a dividend of $0.21 per common share, which is a 5% hike from the previous quarter's dividend of $0.20. This increment sets the annualized dividend rate at $0.84 per share.
The dividend is scheduled to be paid on March 25, 2024, to shareholders who are on record as of March 11, 2024. Based on the closing stock price of $27.61 on February 28, 2024, the annualized dividend yield is calculated to be 3.04%.
Capital City Bank Group, Inc. has a significant presence in the Southeastern United States, with approximately $4.3 billion in assets. The company operates through its subsidiary, Capital City Bank, which was established in 1895. Currently, the bank serves its clientele through a network of 63 banking offices and 103 ATMs/ITMs spread across Florida, Georgia, and Alabama.
The financial institution offers a comprehensive suite of banking services. These include conventional deposit and credit services, mortgage banking, asset management, trust, and merchant services. Additionally, Capital City Bank Group provides bankcards, securities brokerage services, and financial advisory services. The latter encompasses the sale of life insurance, risk management, and asset protection services.
This dividend announcement reflects Capital City Bank Group's commitment to providing value to its shareholders and its confidence in the company's financial stability and growth prospects.
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