Isabella Bank issued the following announcement on Feb. 28.
Isabella Bank Corporation (OTCQX:ISBA), announced today that the Board of Directors of the Corporation declared a first quarter cash dividend of $0.27 per common share at its regular meeting held on February 26, 2020. The dividend will be payable on March 31, 2020 to shareholders of record as of March 26, 2020. Based on ISBA's closing stock price of $23.96 per share as of February 27, 2020, the annualized cash dividend yield was 4.51%.
"I am pleased to announce our Board approved a dividend of $0.27 per share for the first quarter," commented Jae A. Evans, President and Chief Executive Officer of Isabella Bank Corporation. "The first quarter dividend is a 3.85% increase from the first quarter 2019 dividend. Our commitment is to provide an attractive shareholder return through sustained dividends, an exceptional dividend yield and strong financial results."
Original source can be found here.
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