Consumers Bancorp, Inc. to Pay $0.17 Cash Dividend Soon

Consumers Bancorp, Inc. (OTC: CBKM) stock goes ex-dividend on Friday, November 18, 2022 ahead of the upcoming cash dividend payment of $0.17 per share.

About Consumers Bancorp, Inc.

Consumers Bancorp, Inc. operates as the bank holding company for the Consumers National Bank that provides various commercial and retail banking products and services for individuals, farmers, and small and medium-sized businesses. The company accepts various deposit products, such as checking, savings, certificates of deposit, and individual retirement accounts. It also provides commercial loans, which include financing for equipment, inventories, and accounts receivable; commercial real estate loans, including mortgage loans to farmers, owners of multi-family investment properties, developers, and owners of commercial real estate; residential real estate loans comprising one to four family residential real estate and home equity loans; and consumer loans consisting of recreation, personal, automobile loans, personal lines of credit, and unsecured consumer loans. In addition, the company invests in securities consisting of obligations of the United States government sponsored entities, municipal obligations, and mortgage-backed securities. Further, it offers small business administration, business term, commercial construction, agricultural, and equipment loans; credit and debit cards; ATMs; and online and mobile banking, as well as cash management services. As of June 30, 2022, it operated 21 full-service branch locations and one loan production office in Carroll, Columbiana, Jefferson, Stark, Summit, and Wayne counties in Ohio. The company was founded in 1965 and is headquartered in Minerva, Ohio.

Ex-Dividend Date Explained

To determine whether or not an investor can expect to receive a dividend, they’ll need to look at two important dates – the “record date” or “date of record” and the “ex-dividend date” or “ex-date.” When a company declares a dividend, it sets a record date when you must be on the company’s books as a shareholder to receive the dividend. Once the company sets the record date, the ex-date is set based on stock exchange rules and other factors. The ex-dividend date for stocks is usually set one business day before the record date. If an investor buys a stock on its ex-dividend date or after, they will not receive that next dividend payment. Instead, the seller will receive the dividend. If the investor purchases before the ex-dividend date, they will get the dividend.

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