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CTBK ex-dividend on 12/20 (3.5%, special)

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City Bank, will pay a dividend of $1.15 on January 12 to holders as of Wednesday, December 20. The payout includes a $1 special dividend in addition to the $0.15 regular dividend. The company will do a 3:2 split early december, so the $1.00 special cash dividend actualy translates into a pre-split cash dividend of $1.50 per share while the $0.15 per share quarterly cash dividend, the Bank’s 72nd consecutive quarterly dividend, translates into a pre-split cash dividend of $0.225 per share, or an increase of 12.50 percent over the previous quarter’s dividend. This brings the one-time dividend yield to about 3.5%. Still with me?

CTBK quote

This entry was posted on Saturday, December 2nd, 2006 at 2:24 pm and is filed under Div Alert. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “CTBK ex-dividend on 12/20 (3.5%, special)”

  1. John Visser Says:
    December 4th, 2006 at 1:32 pm

    CTBK is the symbol for City Bank in Lynwood, WA; it is paying the dividend and splitting.
    River City Bank in VA pays no dividend.

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