CONSUMERS BANCORP INC OH
For the period ended Jun 30, 2024. Filed Sep 6, 2024.
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FY2024 · Filed Sep 6, 2024
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Item 4. Mine Safety Disclosures
None.
Part II
The Company had 3,123,588 common shares outstanding on June 30, 2024, with 690 shareholders of record and an estimated 870 additional beneficial holders whose stock was held in nominee name. Attention is directed to Item 12 in this Form 10-K for information regarding the Company’s equity incentive plans, which information is incorporated herein by reference.
The common shares of Consumers Bancorp, Inc. are quoted on the OTCQX® Best Market under the symbol CBKM. The following quoted market prices reflect inter-dealer prices, without adjustments for retail markups, markdowns, or commissions and may not represent actual transactions. The market prices represent highs and lows reported during the applicable quarterly period.
| Quarter Ended | September 30, 2023 | December 31, 2023 | March 31, 2024 | June 30, 2024 |
|---|---|---|---|---|
| High | $18.55 | $17.50 | $17.71 | $17.70 |
| Low | 16.50 | 15.05 | 16.00 | 15.75 |
| Cash dividends paid per share | 0.18 | 0.18 | 0.18 | 0.18 |
| Quarter Ended | September 30, 2022 | December 31, 2022 | March 31, 2023 | June 30, 2023 |
|---|---|---|---|---|
| High | $21.00 | $21.00 | $20.45 | $18.50 |
| Low | 18.20 | 17.90 | 17.21 | 15.83 |
| Cash dividends paid per share | 0.17 | 0.17 | 0.17 | 0.17 |
Management does not have knowledge of the prices paid in all transactions and has not verified the accuracy of those prices that have been reported. Because of the lack of an established market for the Company’s common shares, these prices may not reflect the prices at which the common shares would trade in an active market.
The Company’s management is currently committed to continuing to pay regular cash dividends; however, there can be no assurance as to future dividends because they are dependent on the Company’s future earnings, capital requirements and financial condition. The Company’s principal source of funds for dividend payment is dividends received from the Bank. Banking regulations limit the amount of dividends that may be paid without prior approval of regulatory agencies. Under these regulations, the amount of dividends that may be paid in any calendar year is limited to the current year’s net profits, combined with the retained net profits of the preceding two years, subject to the capital requirements described above. See Note 1 and Note 12 to the Consolidated Financial Statements and Management’s Discussion and Analysis of Financial Condition and Results of Operations for dividend restrictions.
There were no repurchases of the Company’s securities during fiscal year 2024.
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