Cortland Bancorp Declares Quarterly Cash Dividend of $0.15 Per Share
21 Julho 2021 - 4:30PM
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
$0.15 per share. The dividend will be payable on September 1, 2021,
to shareholders of record as of the close of business on August 9,
2021.
“In response to our continued solid earnings performance, we are
pleased to be able to continue the quarterly cash dividend,” said
James Gasior, President and Chief Executive Officer. “Cash
dividends, along with our share price appreciation, provide an
attractive return to our shareholders.” At the recent stock price
of $26.80 per share, the current dividend equates to a yield of
2.2% on an annualized basis.
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 fourteen 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.
Source: Cortland Bancorp
CONTACT: James M. Gasior,
President & CEO(330) 282-4111
Cortland Bancorp (NASDAQ:CLDB)
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