Cortland Bancorp Declares Quarterly Cash Dividend
22 Outubro 2020 - 4:00PM
Cortland Bancorp
(NASDAQ:
CLDB), the
holding company for Cortland Savings and Banking Company, today
announced that its Board of Directors approved a quarterly cash
dividend of $0.14 per share. The dividend will be payable on
December 1, 2020, to shareholders of record as of the close of
business on November 9, 2020.
“Amid the current challenging environment, we are pleased to be
able to pay the quarterly cash dividend, providing an attractive
return to our shareholders,” said James Gasior, President and Chief
Executive Officer. At the recent stock price of $15.00 per share,
the current dividend equates to a yield of 3.7% on an annualized
basis. “The Company’s solid capital position provides a stable
foundation from which dividends can be paid,” continued Gasior.
About Cortland BancorpCortland Bancorp is a
financial holding company headquartered in Cortland, Ohio. Founded
in 1892, the Company’s bank subsidiary, The Cortland Savings and
Banking Company conducts business through thirteen full-service
community banking offices located in the counties of Trumbull,
Mahoning, Portage, Summit, and Cuyahoga in the Northeast Ohio area
and a financial service center in Fairlawn, Ohio. For additional
information about Cortland Bank visit
http://www.cortlandbank.com.
CONTACT: James M. Gasior, President &
CEO(330) 282-4111
Cortland Bancorp (NASDAQ:CLDB)
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