Commercial Bancgroup sets a $0.12 quarterly dividend, marking a 20% increase from the prior $0.10 payout.
Commercial Bancgroup Inc. announced a 20% increase in its quarterly dividend to $0.12 per share, up from $0.10. The new payout yields 1.43% on a forward basis.
The company had maintained a $0.10 dividend for the previous two quarters. The dividend is payable September 30 to shareholders of record as of September 15, with an ex-dividend date of September 15.
No immediate market reaction was disclosed in the announcement.