Capital City Bank (CCBG) to raise dividend again in 2024 (double-digit growth)
Capital City Bank (CCBG) is one of those stocks you've never heard of. Which is a shame, because they're doing great on the dividend front, with big increases every year. CCBG just hiked its dividend by 9.5% to $0.23 quarterly. The dividend yield is 2.4%.
The Board of Directors of Capital City Bank Group, Inc. declared a quarterly cash dividend on its common stock of $0.23 per share. It represents a 9.5% increase over the prior quarter dividend of $0.21 per share. The dividend produces an annualized rate of $0.92 per common share and is payable on September 23, 2024 to shareowners of record as of September 9, 2024. CCBG already hiked its dividend by 1 cent in the first quarter of 2024, now followed by an additional hike of 9.5%. This brings the total increase YTD tot 15% for CCBG.
Capital City Bank has now raised its dividend for 10 consecutive years. The dividend yield is 2.4% at a stock price of $34.33. The estimated annual total dividend payment is $16 million for CCBG based on calculations by dividendhike.com.
Capital City Bank Group, Inc. (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.
