Orange County Bancorp, Inc. Declares Cash Dividend

Rhea-AI Summary

Orange County Bancorp, Inc. (Ticker: OCBI) Declares $0.23 Cash Dividend per Share

Positive

• Shareholders to receive $0.23 cash dividend per share on December 15, 2023
• Positive signal of company's financial health and commitment to shareholders

Negative

• Potential dilution of company's cash reserves
• Impact of dividend on future capital allocation

MIDDLETOWN, NY / ACCESSWIRE / November 16, 2023 / On November 16, 2023, 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 $0.23 cash dividend per share of its common stock. The dividend will be paid on December 15, 2023 to shareholders of record on December 4, 2023.

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 130 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.

Contact:

Candice Varetoni AVP
Marketing Officer
845-341-5043
cvaretoni@orangebanktrust.com

SOURCE: Orange County Bancorp, Inc.

View source version on accesswire.com:
https://www.accesswire.com/804507/orange-county-bancorp-inc-declares-cash-dividend

FAQ

What is the dividend amount declared by Orange County Bancorp, Inc.?

Orange County Bancorp, Inc. declared a $0.23 cash dividend per share of its common stock.

When will the dividend be paid to shareholders?

The dividend will be paid on December 15, 2023 to shareholders of record on December 4, 2023.

What companies are subsidiaries of Orange County Bancorp, Inc.?

Orange County Bancorp, Inc. is the parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc.