CSB Bancorp (CSBB) Declares $0.38 Dividend

CSB Bancorp said on May 3, 2023 that its board of directors declared a regular quarterly dividend of $0.38 per share ($1.52 annualized). Previously, the company paid $0.36 per share.

Shares must be purchased before the ex-div date of June 5, 2023 to qualify for the dividend. Shareholders of record as of June 6, 2023 will receive the payment on June 20, 2023.

At the current share price of $37.00 / share, the stock's dividend yield is 4.11%.

Looking back five years and taking a sample every week, the average dividend yield has been 2.99%, the lowest has been 2.23%, and the highest has been 3.75%. The standard deviation of yields is 0.39 (n=160).

The current dividend yield is 2.84 standard deviations above the historical average.

Additionally, the company's dividend payout ratio is 0.26. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is 0.25%, demonstrating that it has increased its dividend over time.

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What is the Fund Sentiment?

There are 2 funds or institutions reporting positions in CSB Bancorp. This is unchanged over the last quarter. Average portfolio weight of all funds dedicated to CSBB is 0.53%, a decrease of 12.36%. Total shares owned by institutions decreased in the last three months by 0.00% to 70K shares.

What are Other Shareholders Doing?

Cutler Capital Management holds 67K shares representing 2.50% ownership of the company. No change in the last quarter.

Tradition Wealth Management holds 3K shares representing 0.11% ownership of the company. No change in the last quarter.

This story originally appeared on Fintel.