On May 25, 2023, Capital City Bank Group declared its latest regular quarterly dividend, which will be $0.18 per share ($0.72 annualized). This is consistent with the previous dividend payment of $0.18 per share.
Shareholders must purchase shares before June 2, 2023 in order to receive the upcoming dividend. The dividend will be paid on June 20, 2023 to shareholders of record as of June 5, 2023.
At the current stock price of $29.99 per share, the dividend yield is 2.40%.
The average dividend yield over the last five years has been 2.14%, with the lowest at 1.09% and the highest at 3.25%. The standard deviation of yields is 0.47 (n=237).
The current dividend yield is 0.55 standard deviations above the historical average.
The company’s dividend payout ratio is 0.26, indicating that it pays out 26% of its income in dividends.
Furthermore, Capital City Bank Group has a three-year dividend growth rate of 0.29%, indicating its consistent dividend increase over time.
Dividend Harvesting and Other Shareholder Information
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There are 269 funds or institutions reporting positions in Capital City Bank Group. This is an increase of 9 owner(s) or 3.46% in the last quarter. Average portfolio weight of all funds dedicated to CCBG is 0.07%, a decrease of 0.88%. Total shares owned by institutions increased in the last three months by 2.09% to 9,285K shares. 
The put/call ratio of CCBG is 1.46, indicating a bearish outlook.
Analyst price forecasts suggest a 21.08% increase in the stock price, with the average one-year price target for Capital City Bank Group being $36.31.
Additionally, the company provides a full range of banking services, including traditional deposit and credit services, mortgage banking, asset management, trust, merchant services, bankcards and securities brokerage services through its bank subsidiary, Capital City Bank, founded in 1895 and operating in Florida, Georgia and Alabama.
Key filings for this company:
This story originally appeared on Fintel.
The opinions expressed herein are solely those of the author and do not represent the views or opinions of Nasdaq, Inc.
