City Holding Company (CHCO) Raises Quarterly Dividend by 10%

By Bobby Samwell • Thursday, September 26 15:21 • Permanent Link

City Holding Company (CHCO) has announced an increase in its quarterly dividend on common shares. The dividend has been raised to 79 cents per common share, representing a 10% increase from the previous quarter's dividend of 71.5 cents per share.

Charles (Skip) Hageboeck, the president and CEO of City Holding Company, stated that the decision to increase the dividend to $3.16 on an annualized basis is based on the company's strong current capital and liquidity position, its financial performance during 2024, and its confidence in the company's ability to sustain this performance.

City Holding Company, the parent company of City National Bank of West Virginia, operates 97 branches across West Virginia, Kentucky, Virginia, and Ohio. The company's stock is traded on the NASDAQ Global Select Market under the symbol "CHCO." Today the company's shares have moved 1.4% to a price of $116.67. For the full picture, make sure to review City's 8-K report.

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