WAUSAU, Wis. - PSB Holdings, Inc. (OTCQX: PSBQ), the parent company of Peoples State Bank, has declared a semi-annual cash dividend of $0.32 per share on its common stock, marking a 6.7% increase from the previous year's dividend. This payment, due on January 31, 2025, to shareholders of record as of January 10, 2025, extends the company's history of 60 consecutive years of cash dividends and 31 years of rising dividends per share. According to InvestingPro data, the company currently offers a 2.36% dividend yield and has maintained consistent dividend payments for 22 consecutive years.
The dividend increase reflects the company's confidence in its financial performance improvement since mid-2024. Scott M. Cattanach, President and CEO of PSB, expressed gratitude towards the shareholders for their ongoing support and anticipated a strong performance in the upcoming year. The company's stock has shown strong momentum, with a 35% gain over the past six months and is currently trading near its 52-week high of $28.
InvestingPro analysis suggests the stock is currently trading above its Fair Value, with additional insights available through the subscription service.
PSB Holdings, a community bank headquartered in Wausau, Wisconsin, operates through twelve full-service banking locations across several counties in Wisconsin and a loan production office in Dane county. The company also offers investment, insurance, and retirement planning services through its division, Peoples Wealth Management. With a market capitalization of $113 million and a P/E ratio of 12.4, the bank maintains stable financial metrics, including a return on equity of 9%.
The company's financial details and management information are available on its website. It is important to note that this press release contains forward-looking statements which are subject to various risks and uncertainties, including economic conditions, government policies, and the potential impact of the COVID-19 pandemic on the company and its customers. For comprehensive financial analysis and additional insights, investors can access detailed metrics through InvestingPro, which offers extensive coverage of PSBQ's performance indicators and future outlook.
This announcement is based on a press release statement from PSB Holdings, Inc. and does not include any forward-looking statements or endorse any claims made. The information provided is intended for informational purposes only, without any assumptions or speculative content.
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