Prime Meridian Holding (OTCMKTS:PMHG) Increases Dividend to $1.00 Per Share

Prime Meridian logo with Finance background

Prime Meridian Holding (OTCMKTS:PMHG - Get Free Report) announced an annual dividend on Thursday, January 16th,NASDAQ Dividends reports. Shareholders of record on Friday, February 7th will be given a dividend of 1.00 per share on Friday, February 28th. This represents a yield of 3.57%. The ex-dividend date of this dividend is Friday, February 7th. This is a positive change from Prime Meridian's previous annual dividend of $0.25.

Prime Meridian Trading Up 7.4 %

PMHG traded up $2.01 on Thursday, hitting $29.28. 6,400 shares of the company were exchanged, compared to its average volume of 2,933. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.95 and a current ratio of 0.96. The firm has a fifty day simple moving average of $28.95 and a two-hundred day simple moving average of $26.63. The stock has a market capitalization of $96.33 million, a PE ratio of 11.44 and a beta of 0.51. Prime Meridian has a 12 month low of $20.15 and a 12 month high of $30.99.

Prime Meridian (OTCMKTS:PMHG - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.65 earnings per share for the quarter. Prime Meridian had a net margin of 16.86% and a return on equity of 10.05%.

About Prime Meridian

(Get Free Report)

Prime Meridian Holding Company operates as the bank holding company for Prime Meridian Bank that provides various consumer and commercial banking services to individuals and businesses. The company accepts various deposits, such as checking, money market, savings, term certificate of deposit, demand interest-bearing and noninterest-bearing, health savings, NOW, and escrow accounts, as well as retirement savings plans and time deposits.

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