Capital City Bank Group declared a quarterly cash dividend of $0.23 per share, payable December 23, 2024.
Quiver AI Summary
Capital City Bank Group, Inc. has announced a quarterly cash dividend of $0.23 per share, which equates to an annualized rate of $0.92 per share, resulting in an annualized dividend yield of 2.40% based on a stock price of $38.35 as of November 20, 2024. The dividend is scheduled to be paid on December 23, 2024, to shareholders on record as of December 9, 2024. Capital City Bank Group, a significant financial holding company based in Florida, manages approximately $4.2 billion in assets and offers a variety of banking services. Founded in 1895, its banking subsidiary operates 63 offices and 105 ATMs/ITMs across Florida, Georgia, and Alabama. For further details, the company can be visited online at www.ccbg.com.
Potential Positives
- The declaration of a quarterly cash dividend demonstrates the company's commitment to returning value to its shareholders.
- An annualized dividend yield of 2.40% based on the recent stock price signals a healthy financial position and can attract income-focused investors.
- The dividend payment is scheduled soon, providing immediate financial benefit to shareholders, enhancing liquidity for those holding the stock.
- Capital City Bank Group's assets totaling approximately $4.2 billion highlight the company's stability and growth potential in the financial sector.
Potential Negatives
- The declared dividend of $0.23 per share may signal limited growth prospects, as companies often reinvest earnings for expansion rather than distribute them to shareholders.
- The annualized dividend yield of 2.40% may be perceived as low, potentially making the stock less attractive to investors seeking higher returns.
- The press release does not provide any information about recent financial performance or challenges faced by the company, which could raise concerns among investors about the company's current standing and future outlook.
FAQ
What is the amount of the declared dividend by Capital City Bank Group?
The Board of Directors declared a quarterly cash dividend of $0.23 per share.
When is the dividend payable to shareholders?
The dividend is payable on December 23, 2024, to shareholders of record as of December 9, 2024.
What is the annualized dividend yield for Capital City Bank Group?
The annualized dividend yield is 2.40% based on a closing stock price of $38.35.
When was Capital City Bank Group founded?
Capital City Bank was founded in 1895 and continues to operate in Florida, Georgia, and Alabama.
What services does Capital City Bank Group provide?
Capital City Bank Group offers banking services including loans, asset management, trust services, and financial advisory services.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CCBG Insider Trading Activity
$CCBG insiders have traded $CCBG stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $CCBG stock by insiders over the last 6 months:
- THOMAS A BARRON (TREASURER) has traded it 2 times. They made 0 purchases and 2 sales, selling 11,000 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$CCBG Hedge Fund Activity
We have seen 53 institutional investors add shares of $CCBG stock to their portfolio, and 43 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WELLINGTON MANAGEMENT GROUP LLP added 160,740 shares (+inf%) to their portfolio in Q3 2024
- FRANKLIN RESOURCES INC removed 56,816 shares (-100.0%) from their portfolio in Q3 2024
- AMERICAN CENTURY COMPANIES INC added 50,079 shares (+44.5%) to their portfolio in Q3 2024
- BANK OF MONTREAL /CAN/ removed 44,887 shares (-100.0%) from their portfolio in Q2 2024
- UBS GROUP AG added 39,865 shares (+638.1%) to their portfolio in Q3 2024
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 39,628 shares (+inf%) to their portfolio in Q3 2024
- JPMORGAN CHASE & CO added 38,876 shares (+80.1%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
TALLAHASSEE, Fla., Nov. 21, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Capital City Bank Group, Inc. (NASDAQ: CCBG) declared a quarterly cash dividend on its common stock of $0.23 per share. The dividend produces an annualized rate of $0.92 per common share and is payable on December 23, 2024 to shareowners of record as of December 9, 2024. The annualized dividend yield is 2.40% based on a closing stock price of $38.35 on November 20, 2024.
About Capital City Bank Group, Inc.
Capital City Bank Group, Inc. (NASDAQ: CCBG) is one of the largest publicly traded financial holding companies headquartered in Florida and has approximately $4.2 billion in assets. We provide a full range of banking services, including traditional deposit and credit services, mortgage banking, asset management, trust, merchant services, bankcards, securities brokerage services and financial advisory services, including the sale of life insurance, risk management and asset protection services. Our bank subsidiary, Capital City Bank, was founded in 1895 and now has 63 banking offices and 105 ATMs/ITMs in Florida, Georgia and Alabama. For more information about Capital City Bank Group, Inc., visit www.ccbg.com.
For Information Contact:
Jep Larkin
Executive Vice President and Chief Financial Officer
850.402.8450
/A%20photo%20of%20a%20Sandisk%20Solid%20State%20Drive%20by%20Top%20Popular%20Vector%20by%20Shutterstock.jpg)
/AI%20(artificial%20intelligence)/Data%20Center%20by%20Caureem%20via%20Shutterstock%20(2).jpg)
