LEBANON, Ohio - LCNB Corp . (NASDAQ:LCNB), the Ohio-based financial holding company, has announced a cash dividend of $0.22 per common share. The dividend is scheduled for shareholders on record as of June 3, 2024, and will be payable on June 17, 2024.
LCNB Corp., through its subsidiary LCNB National Bank, operates in various Ohio counties and extends its banking services into Northern Kentucky. The financial institution emphasizes strong customer and community relationships, offering a comprehensive suite of personal and business banking products. These include checking and savings accounts, online banking, personal and business lending, as well as investment services and trust management.
The company's common shares are publicly traded on the NASDAQ Capital Market Exchange under the ticker symbol LCNB. This recent declaration of a cash dividend follows the company's tradition of providing shareholder returns.
The information in this article is based on a press release statement from LCNB Corp.
InvestingPro Insights
As LCNB Corp. (NASDAQ:LCNB) continues to reward its shareholders with regular dividend payments, recent data from InvestingPro provides a deeper look into the company's financial health and market performance. With a market capitalization of approximately $209.46 million and a price-to-earnings (P/E) ratio that has adjusted from 17.25 to a more favorable 14.37 over the last twelve months as of Q1 2024, LCNB exhibits a stable financial position. Despite a slight revenue decline of 6.85% in the same period, the company's operating income margin remains robust at 28.25%, reflecting efficient management and strong profitability.
One of the InvestingPro Tips highlights that LCNB has raised its dividend for 6 consecutive years, showcasing a commitment to shareholder returns. Additionally, the company has maintained dividend payments for an impressive 25 consecutive years, which aligns with the recent dividend announcement and underscores its reliability as an income-generating investment. For investors looking for more detailed analysis and additional tips, there are 5 more InvestingPro Tips available at https://www.investing.com/pro/LCNB, which can be accessed with the promo code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
Furthermore, the dividend yield as of mid-2024 stands at a compelling 5.92%, which is particularly attractive for those seeking steady income streams. While analysts anticipate a sales decline in the current year, they also predict the company will remain profitable, as evidenced by its profitability over the last twelve months. This juxtaposition of expectations and performance may offer a nuanced opportunity for investors.
In summary, LCNB Corp.'s commitment to dividends, combined with its solid operating margin and profitability, presents a balanced view for shareholders and potential investors. The company's financial stability and consistent shareholder returns, even in the face of revenue challenges, suggest a disciplined approach to financial management and a focus on long-term value creation.
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