The long-term chart shows an excellent picture of long-term growth far surpassing the S&P500, but with less volatility - CNB’s beta is only .63. With a current market cap of 3.61B, the company still has plenty of room to grow too.
CNB shares reached an all-time high of 26.90 last June, but since then they have retreated 13%, despite rising earnings, and CNB stock just made a new 52-week low November 6. The shares are yielding 2.83% with a payout ratio of 40%.
According to the company’s website, which is reminiscent of yahoo.com in its appearance and comprehensiveness of information, the dividend has been increased steadily over time, at a rate outpacing inflation; but the dividend has not been increased every year. There were 2-for-1 stock splits in 1997 and in 1998.
CNB appears appealing as a core portfolio holding, especially if the price comes down a tad more in the next few weeks.