Orange County Bancorp, Inc. Declares Cash Dividend

Rhea-AI Summary

Orange County Bancorp has declared a cash dividend of $0.20 per share, payable on June 15, 2022, to shareholders of record on June 2, 2022. This decision reflects the company's commitment to returning value to its shareholders. With over $2.0 billion in total assets, Orange County Bancorp operates through its subsidiary, Orange Bank & Trust Company, and Hudson Valley Investment Advisors. This dividend announcement signals the company’s solid financial position and ongoing confidence in its growth and stability.

Positive

• Declared a cash dividend of $0.20 per share.
• Dividend payment date on June 15, 2022, enhancing shareholder returns.
• Company holds over $2.0 billion in total assets, indicating financial robustness.

Negative

• None.

MIDDLETOWN, NY / ACCESSWIRE / May 20, 2022 / On May 19, 2022, the Board of Directors of Orange County Bancorp, Inc., the parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc., declared a $0.20 cash dividend per share of its common stock. The dividend will be paid on June 15, 2022 to shareholders of record on June 2, 2022.

About Orange County Bancorp, Inc.

Orange County Bancorp, Inc. is the parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc. Orange Bank & Trust Company is an independent bank that began with the vision of 14 founders over 125 years ago. It has grown through ongoing innovation and an unwavering commitment to its community and business clientele to more than $2.0 billion in total assets. Hudson Valley Investment Advisors, Inc. is a Registered Investment Advisor in Goshen, NY. It was founded in 1996 and was acquired by the Company in 2012.

For further information:

Robert L. Peacock
SEVP Chief Financial Officer
rpeacock@orangebanktrust.com
Phone: (845) 341-5005

SOURCE: Orange County Bancorp, Inc.

View source version on accesswire.com:
https://www.accesswire.com/702187/Orange-County-Bancorp-Inc-Declares-Cash-Dividend

FAQ

What is the dividend amount declared by Orange County Bancorp?

Orange County Bancorp declared a cash dividend of $0.20 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on June 15, 2022.

What is the record date for the dividend?

The record date for the dividend is June 2, 2022.

How does the dividend reflect on Orange County Bancorp's financial health?

The declaration of a dividend indicates the company’s solid financial position and ongoing commitment to returning value to shareholders.