County Bancorp (ICBK) Lowers Quarterly Dividend 28.6% to $0.05; 1% Yield

County Bancorp (NASDAQ: ICBK) declared a quarterly dividend of $0.05 per share, or $0.2 annualized. This is a 28.6% decrease from the prior dividend of $0.07.

The dividend will be payable on March 22, 2019, to stockholders of record on March 8, 2019, with an ex-dividend date of March 7, 2019.

The annual yield on the dividend is 1 percent.

“We plan on actively managing our credit and wholesale funding exposure in 2019,” stated Tim Schneider, President of County Bancorp, Inc. and CEO of Investors Community Bank. “We need to prudently control capital; and with the active management of our balance sheet and lower earnings expected in 2019, we are lowering the dividend per share in comparison to 2018.”

For a dividend history and other dividend-related data on County Bancorp (ICBK) click here.

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