Citizens Holding cuts quarterly dividend to $0.16; cites technology investments

CITIZENS HOLDING CO /MS/

Quarterly cash dividend reduced to $0.16 per share, payable June 30, 2023.
Record date is June 16, 2023; dividend yield approximately 5% as announced.
CEO Stacy Brantley calls reduction a prudent capital allocation decision.
Company plans to invest in technology to streamline processes and reduce costs.
Dividend reflects continued commitment to returning value despite cut.

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