CNB Financial Declares Dividend on Series A Preferred Depositary Shares
Investors holding record as of May 16 will receive the payout at month’s end.
May 02, 2025
CNB Financial is moving ahead with its latest preferred dividend, offering clarity and predictability for shareholders. On May 1, the company announced a quarterly distribution tied to its Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock.
Key Details
Here’s what to know: holders of depositary shares—each representing a 1/40th interest in a Series A share—will receive $0.4453125 per share. The dividend stems from a declared $17.8125 payout on each full share of Series A Preferred Stock. The payment date is set for May 30, and investors must be on record by May 16 to receive it.
The mechanics are straightforward. CNB will send the full Series A dividend to its depositary, which will then disburse the funds to holders of the depositary shares. The shares trade under the ticker CCNEP on NASDAQ.
What It Means for Investors
For investors, this is part of a broader strategy to generate income through fixed-rate preferred instruments. Because the Series A stock is non-cumulative, missed payments don’t roll forward—so regular announcements like this one give shareholders needed visibility.
With this payout, CNB continues to follow through on its capital distribution plans. Investors tracking preferred dividends now have a confirmed date and amount, giving them the detail they need to plan ahead.
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