Capital Bank (CBKN) Declares $0.08 Quarterly Dividend; 7.5% Yield

November 20, 2009 1:16 PM EST

Capital Bank Corporation (NASDAQ: CBKN) declared a quarterly cash dividend on its common stock of $0.08 per share or $0.32 annualized.

The dividend will be paid on or after January 25, 2010 to shareholders of record as of December 15, 2009. The ex-dividend date is December 11, 2009.

Yield on the dividend is 7.5%.

Capital Bank Corporation operates as the holding company for Capital Bank that provides general commercial banking services in North Carolina. Its deposit products include checking, savings, negotiable order of withdrawal, money market, and individual retirement, as well as certificates of deposit.


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