.jpg)
Isabella Bank issued the following announcement on Dec. 4.
Isabella Bank Corporation (OTCQX:ISBA), announced today that the Board of Directors of the Corporation declared a fourth quarter cash dividend of $0.27 per common share at its regular meeting held on November 26, 2019. The dividend will be payable on December 31, 2019 to shareholders of record as of December 27, 2019. Based on ISBA's closing stock price of $24.00 per share as of December 3, 2019, the annual dividend yield is 4.50%.
"I am pleased to announce our Board approved a dividend of $0.27 per share for the fourth quarter," commented Jae A. Evans, President and Chief Executive Officer of Isabella Bank Corporation. "The fourth quarter dividend is a 3.85% increase from the third quarter dividend and brings year-to-date dividends to $1.05. Our commitment is to provide an attractive investment through sustained dividends, an exceptional dividend yield and strong financial results. The initiatives of our strategic business plan executed in the fourth quarter of 2018 are already showing success as evidenced by our record earnings during the previous two quarters of this year."
Original source can be found here.
Alerts Sign-up