Is Citizens & Northern Corporation (NASDAQ:CZNC) a good dividend stock? How can we tell? Dividend paying companies with growing earnings can be highly rewarding in the long term. Unfortunately, it’s common for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments.
With Citizens & Northern yielding 6.1% and having paid a dividend for over 10 years, many investors likely find the company quite interesting. We’d guess that plenty of investors have purchased it for the income. Remember though, given the recent drop in its share price, Citizens & Northern’s yield will look higher, even though the market may now be expecting a decline in its long-term prospects. Some simple analysis can offer a