Capital City Bank Group, Inc. (NASDAQ:CCBG) Increases Dividend to $0.24 Per Share

Capital City Bank Group, Inc. (NASDAQ:CCBG - Get Free Report) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Investors of record on Monday, March 10th will be given a dividend of 0.24 per share by the financial services provider on Monday, March 24th. This represents a $0.96 annualized dividend and a yield of 2.62%. The ex-dividend date is Monday, March 10th. This is a positive change from Capital City Bank Group's previous quarterly dividend of $0.23.

Capital City Bank Group has increased its dividend payment by an average of 12.4% per year over the last three years and has raised its dividend annually for the last 11 consecutive years. Capital City Bank Group has a dividend payout ratio of 30.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Capital City Bank Group to earn $3.24 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 29.6%.

Capital City Bank Group Stock Performance

NASDAQ CCBG traded down $0.49 on Monday, hitting $36.61. The stock had a trading volume of 15,984 shares, compared to its average volume of 23,097. Capital City Bank Group has a one year low of $25.45 and a one year high of $40.86. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. The stock has a market cap of $620.32 million, a price-to-earnings ratio of 11.73 and a beta of 0.56. The company's 50-day moving average is $36.44 and its two-hundred day moving average is $36.16.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.70 by $0.07. Capital City Bank Group had a net margin of 19.55% and a return on equity of 11.45%. On average, analysts expect that Capital City Bank Group will post 3.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

CCBG has been the subject of several recent analyst reports. StockNews.com upgraded shares of Capital City Bank Group from a "hold" rating to a "buy" rating in a research report on Saturday, February 1st. Keefe, Bruyette & Woods increased their price objective on shares of Capital City Bank Group from $43.00 to $44.00 and gave the company an "outperform" rating in a report on Friday, January 31st.

About Capital City Bank Group

Capital City Bank Group, Inc operates as the financial holding company for Capital City Bank that provides a range of banking- related services to individual and corporate clients. The company offers financing for commercial business properties, equipment, inventories, and accounts receivable, as well as commercial leasing and letters of credit; treasury management services; and merchant credit card transaction processing services.