Century Bancorp, Inc. to Issue Quarterly Dividend of $0.12 (CNBKA)

Century Bancorp, Inc. (NASDAQ:CNBKA) declared a quarterly dividend on Wednesday, October 11th, Wall Street Journal reports. Stockholders of record on Wednesday, November 1st will be paid a dividend of 0.12 per share by the bank on Wednesday, November 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Tuesday, October 31st.

Shares of Century Bancorp (CNBKA) remained flat at $87.70 on Thursday. The company had a trading volume of 47 shares. The firm has a market cap of $488.23 million, a P/E ratio of 17.93 and a beta of 0.73. The stock’s 50 day moving average price is $72.88 and its 200-day moving average price is $65.96. Century Bancorp has a one year low of $44.55 and a one year high of $89.30.

Century Bancorp (NASDAQ:CNBKA) last released its earnings results on Tuesday, October 10th. The bank reported $1.44 EPS for the quarter. Century Bancorp had a net margin of 23.11% and a return on equity of 11.65%. The business had revenue of $25.30 million during the quarter. Equities research analysts expect that Century Bancorp will post $2.31 earnings per share for the current fiscal year.

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In other news, major shareholder James J. Filler purchased 511 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were acquired at an average price of $66.64 per share, for a total transaction of $34,053.04. Following the completion of the acquisition, the insider now directly owns 570,561 shares of the company’s stock, valued at $38,022,185.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder James J. Filler purchased 903 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were purchased at an average price of $66.58 per share, for a total transaction of $60,121.74. Following the acquisition, the insider now directly owns 570,674 shares of the company’s stock, valued at $37,995,474.92. The disclosure for this purchase can be found here. Insiders have bought 15,444 shares of company stock worth $1,044,710 in the last 90 days. 36.91% of the stock is owned by company insiders.

About Century Bancorp

Century Bancorp, Inc is a state-chartered bank holding company. The Company has a banking subsidiary: Century Bank and Trust Company (the Bank). The Company offers a range of services to commercial enterprises, state and local Governments and agencies, non-profit organizations and individuals. It operates approximately 30 banking offices in 20 cities and towns in Massachusetts, ranging from Braintree in the south to Andover in the north.

Dividend History for Century Bancorp (NASDAQ:CNBKA)

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