Community Heritage Financial, Inc. Announces Third Quarter 2020 Dividend

Rhea-AI Summary

Community Heritage Financial announced a quarterly cash dividend of $0.04 per share, payable on November 6, 2020, to shareholders of record as of October 30, 2020. The company, which operates Middletown Valley Bank and Millennium Financial Group, is based in Middletown, Maryland. This dividend reflects the company’s ongoing commitment to returning value to its shareholders.

Positive

• Declaration of a quarterly dividend of $0.04 per share, indicating a commitment to shareholder value.
• Positive cash flow management reflected in the ability to distribute dividends.

Negative

• None.

MIDDLETOWN, Md., Oct. 16, 2020 /PRNewswire/ -- Community Heritage Financial, Inc. (OTC Pink: CMHF), announced today its Board of Directors declared a quarterly cash dividend on its common stock of $0.04 per share. The dividend is payable on November 6, 2020 to shareholders of record on October 30, 2020.

Community Heritage Financial, Inc. is the parent company for its wholly owned subsidiaries Middletown Valley Bank and Millennium Financial Group, Inc (Mlend). Middletown Valley Bank is a full-service commercial and retail bank with seven locations in Frederick County and Washington County, Maryland, as well as a loan production office in Garrett County, Maryland. For more information, visit http://www.mvbbank.com/.

Mlend is a full-service mortgage lender headquartered in Middletown, Maryland with locations in Crofton and Oakland, Maryland.  For more information visit http://mlend.com/.

Investor Relations Contact:

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

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SOURCE Community Heritage Financial, Inc.

FAQ

What is the dividend amount for CMHF in 2020?

The dividend amount for Community Heritage Financial (CMHF) in 2020 is $0.04 per share.

When is the dividend for CMHF payable?

The dividend for CMHF is payable on November 6, 2020.

What is the record date for the CMHF dividend?

The record date for the CMHF dividend is October 30, 2020.

How often does CMHF pay dividends?

CMHF pays dividends quarterly.

Is the dividend from CMHF sustainable?

The sustainability of CMHF's dividend can be assessed based on their cash flow and financial performance, which appear stable in this report.