Community Heritage Financial, Inc. Announces Fourth Quarter 2022 Dividend

Rhea-AI Summary

Community Heritage Financial, Inc. (OTCPK: CMHF) declared a quarterly cash dividend of $0.06 per share, a notable 50% increase from the previous $0.04. This dividend is payable on February 10, 2023, to shareholders on record as of February 3, 2023. The bank, which operates in several Maryland counties and Franklin County, Pennsylvania, has a history dating back to 1908. The announcement reflects the company's commitment to returning value to its shareholders while enhancing income opportunities.

Positive

• Quarterly cash dividend increased by 50%, from $0.04 to $0.06.
• Demonstrates commitment to shareholder returns and confidence in financial performance.

Negative

• None.

MIDDLETOWN, Md., Jan. 23, 2023 /PRNewswire/ -- Community Heritage Financial, Inc. (OTCPK: CMHF), announced today its Board of Directors declared a quarterly cash dividend on its common stock of $0.06 per share. This represents an increase of 50% from the previous quarterly dividend of $0.04 per share. The dividend is payable on February 10, 2023 to shareholders of record on February 3, 2023.

Community Heritage Financial, Inc. is the parent company of Middletown Valley Bank (the "Bank"). Middletown Valley Bank provides personal and business banking services, as well as mortgage lending services through its wholly owned subsidiary, Millennium Financial Services, Inc. (Mlend). Originating in Middletown, Maryland in 1908, today the Bank operates offices in the Maryland counties of Frederick, Washington, Garrett and Anne Arundel, and Franklin County, Pennsylvania. For more information, visit www.communityheritageinc.com or www.mvbbank.com.

Investor Relations Contact:

Community Heritage Financial, Inc.
Robert E. (BJ) Goetz, Jr.
President & Chief Executive Officer
301-371-3055
bjgoetz@mvbbank.com

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SOURCE Community Heritage Financial, Inc.

FAQ

What is the dividend amount declared by Community Heritage Financial, Inc. for Q4 2022?

The declared dividend amount is $0.06 per share.

When is the dividend payable for Community Heritage Financial, Inc.?

The dividend is payable on February 10, 2023.

What was the previous dividend amount before the increase?

The previous quarterly dividend was $0.04 per share.

What is the record date for shareholders to receive the dividend?

The record date for the dividend is February 3, 2023.

Is the dividend increase sustainable for Community Heritage Financial, Inc.?

The press release does not provide specific information regarding the sustainability of the dividend increase.