CFB Announces Dividend
October 25, 2016We are pleased to announce that the Board of Directors of County First Bank has declared a $0.15 per share semi-annual cash dividend. The dividend is payable on October 27, 2016, to shareholders of record as of October 20, 2016.
We take pride in issuing a cash dividend paid on the capital stock of the Bank. The cash dividend declared represents a dividend payout ratio of 31% over the trailing six-month earnings. For shareholders participating in the dividend reinvestment plan, the Board established the share price for dividend reinvestment of $18.50 per share. The price represents the market price on the date of the Board approval.
County First Bank is traded on the OTCQB under the symbol “CUMD”.
