Commercial National Declares $0.11 Per Share Fourth Quarter Dividend [Yahoo! Finance]
COMML NATL FINCL CORP PA (CNAF)
US:NASDAQ Investor Relations:
cnbthebankonline.com/home/about/investor
Company Research
Source: Yahoo! Finance
declared a quarterly dividend of $0.11 per share payable December 6, 2024 to shareholders of record as of November 29, 2024. At year-end 2023 there was strong market expectation for timely and extensive Federal Reserve Bank monetary policy easing beginning by first quarter-end 2024. However, such easing, which would materially benefit the Company, only belatedly initiated in mid-September 2024. Undistributed earnings from 2022 and 2023 were at last fully utilized during 2024's third quarter to provide limited carryover capacity in augmenting 2024 dividend declarations. Ongoing dividend declarations will be determined by prevailing earnings expectations which continue to be influenced by a now receding multiple decade high in Federal Reserve Bank driven marginal funding cost. Direct and beneficial ownership by executive officers and directors of the Company's outstanding shares totaled 460,757 shares, or 16.11% on September 30, 2024. As disclosed each year in the Annual Report to S
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