Isabella Bank Corporation Announces Third Quarter 2022 Dividend
MT. PLEASANT, Mich., September 8, 2022 /PRNewswire/ — Isabella Bank Corporation (OTCQX:ISBA) today announced that its Board of Directors has declared a cash dividend in the third quarter of $0.27 per ordinary share at its ordinary meeting on August 31, 2022. The dividend will be payable on September 30, 2022 to shareholders of record on September 28, 2022. Based on the closing price of the ISBA share of $23.45 per share as of August 31, 2022, the annualized cash dividend yield is 4.61%.
“As a large community bank with 29 locations in Mid-Michigan, we are proud to serve our customers, our communities and our shareholders,” said Jae A. Evans, President and CEO. “At the heart of what we do is our people, who are dedicated to meeting the needs of our customers and communities. We are also committed to increasing shareholder value by pursuing and implementing various strategic initiatives. These initiatives, which began in 2019, have been successful and have led to strong financial results for the first two quarters of 2022.”
About the Company
Isabella Bank Corporation (OTCQX: ISBA) is the parent holding company of Bank Isabellaa state-chartered community bank headquartered in Mt. Pleasant, Michigan. Bank Isabella was established in 1903 and has been committed to serving the local banking needs of its customers and communities for 119 years. The Bank offers personal and business loan and deposit products, as well as investment, trust and estate planning services through Isabella Wealth. The Bank has offices in seven Mid-Michigan counties: Clear, GratiotIsabella, Mecoste, Midland, Montcalmand Saginaw.
For more information on Isabella Bank Corporation, visit the Invest in Us link at www.isabellabank.com. Common stock of Isabella Bank Corporation is listed on the OTCQX level of the electronic quotation system of OTC Markets Group, Inc. (www.otcmarkets.com) under the symbol “ISBA”. The Company’s market maker is Boenning & Scattergood, Inc. (www.boenninginc.com) and its investor relations firm is Renmark Financial Communications, Inc. (www.renmarkfinancial.com).
This press release contains forward-looking statements. To the extent that the foregoing information refers to matters that may arise in the future, please note that these forward-looking statements may differ materially from actual results. Additional information regarding some of the factors that could cause results to differ materially is included in the sections entitled “Risk Factors” and “Forward-Looking Statements” in Isabella Bank Corporation’s filings with the Securities and Exchange Commission, which are available with the Securities and Exchange Commission. the Exchange Commission’s public reference facilities and on its website at www.sec.gov.
SOURCE Isabella Bank Corporation