Orange County Bancorp, Inc. Declares Cash Dividend

Rhea-AI Summary

Orange County Bancorp declared a cash dividend of $0.23 per share, payable on December 15, 2022, to shareholders recorded by December 2, 2022. As the parent company of Orange Bank & Trust and Hudson Valley Investment Advisors, it operates over $2.0 billion in total assets. This dividend reflects the company's ongoing commitment to returning income to shareholders while maintaining its robust growth strategy.

Positive

• Dividend of $0.23 per share indicates financial health and shareholder commitment.
• Total assets exceed $2.0 billion, showcasing strong market presence and stability.

Negative

• None.

MIDDLETOWN, NY / ACCESSWIRE / November 18, 2022 / On November 17, 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 $0.23 cash dividend per share of its common stock. The dividend will be paid on December 15, 2022 to shareholders of record on December 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.

Contact:
Candice Varetoni
AVP Marketing Officer
Orange Bank & Trust Company
cvaretoni@orangebanktrust.com
845-341-5000

SOURCE: Orange County Bancorp, Inc.

View source version on accesswire.com:
https://www.accesswire.com/727029/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 $0.23 per share.

When will the dividend be paid?

The dividend will be paid on December 15, 2022.

What is the record date for receiving the dividend?

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

How does the dividend impact shareholders of OBT?

The dividend offers a direct return on investment, reflecting the company's profitability and commitment to its shareholders.