Citizens Holding Company Announces Cash Dividend of $.17 per Share

Citizens Holding Company (AMEX: CIZ) announced today
that its Board of Directors declared a cash dividend of $0.17 per
share payable June 30, 2006, to shareholders of record as of June 15,
2006.
   "The second quarter 2006 dividend that we are announcing today of
$0.17 per share is an increase of 6.3% over the $0.16 per share paid
in the second quarter of 2005," said Greg L. McKee, President and
Chief Executive Officer. "This dividend brings the total dividend in
2006 to $0.34 per share, a 6.3% increase over the $0.32 per share paid
in the first two quarters of 2005."
   Citizens Holding Company is a one-bank holding company and the
parent company of The Citizens Bank of Philadelphia, both
headquartered in Philadelphia, Mississippi. The Bank has nineteen full
service banking locations in eight counties in East Central
Mississippi. In addition to full service commercial banking, the
Company offers mortgage loans, title insurance services through its
subsidiary, Title Services, LLC and a full range of Internet banking
services including online banking, bill pay and cash management
services for businesses. Internet services are available at the Bank
web site, www.thecitizensbankphila.com. Citizens Holding Company stock
is listed on the American Stock Exchange and is traded under the
symbol CIZ. The Company's transfer agent is American Stock Transfer &
Trust Company. Investor relations information may be obtained at the
corporate website, www.citizensholdingcompany.com.