Cortland Bancorp Declares Quarterly Cash Dividend of $0.15 Per Share
Cortland Bancorp (NASDAQ: CLDB) has announced a quarterly cash dividend of $0.15 per share, payable on September 1, 2021, to shareholders of record by August 9, 2021.
President James Gasior highlighted the company’s strong earnings as a factor supporting this dividend decision, emphasizing the attractive return for shareholders, with an annualized yield of 2.2% based on the stock's recent price of $26.80.
- Approval of a quarterly cash dividend of $0.15 per share.
- Annualized yield of 2.2%, providing attractive returns for shareholders.
- Strong earnings performance supporting continued dividend payments.
- None.
CORTLAND, Ohio, July 21, 2021 (GLOBE NEWSWIRE) -- 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
“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
About Cortland Bancorp
Cortland 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
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