OVBC ANNOUNCES CASH DIVIDEND

Rhea-AI Summary

On July 19, 2022, Ohio Valley Banc Corp. (OVBC) declared a cash dividend of $0.21 per common share, payable on August 10, 2022. Shareholders of record as of the close of business on July 29, 2022 will receive this dividend. This marks the fourth dividend of the year, including a special 150th Anniversary Dividend. The company is also expanding its presence with a new Ironton Office set to open later this summer, reinforcing its commitment to growth and shareholder returns.

Positive

• Declared a cash dividend of $0.21 per share, enhancing income for shareholders.
• Continues a tradition of regular quarterly dividends, reflecting financial stability.
• Expansion plans with the upcoming Ironton Office suggest growth potential.

Negative

• None.

GALLIPOLIS, Ohio, July 20, 2022 /PRNewswire/ -- On July 19, 2022, Ohio Valley Banc Corp. [Nasdaq: OVBC] Board of Directors declared a cash dividend of $0.21 per common share payable on August 10, 2022, to shareholders of record as of the close of business on July 29, 2022. OVBC once again continues the tradition of maintaining a consistent, regular quarterly dividend.

"This has been an active year for your company. We are continuing to expand our footprint with our new Ironton Office, which will open later this summer. We are also very excited that this marks our fourth dividend of the year due to the 150^th Anniversary Special Dividend. The special dividend was paid out to celebrate the bank's 150^th year in business. Our offices have also continued our anniversary celebration with special customer appreciation events," Tom Wiseman, OVB Chairman said.

Ohio Valley Banc Corp. is based in Gallipolis, Ohio. The company owns The Ohio Valley Bank Company, with 16 offices in Ohio and West Virginia, and Loan Central, Inc., with six consumer finance offices in Ohio. The Ohio Valley Bank Company opened a new online consumer direct mortgage company in the fall of 2021 called Race Day Mortgage. Learn more about Ohio Valley Banc Corp. at www.ovbc.com.

Contact: Scott Shockey or Bryna Butler, 740-446-2631, 1-800-468-6682

View original content:https://www.prnewswire.com/news-releases/ovbc-announces-cash-dividend-301590248.html

SOURCE Ohio Valley Banc Corp.

FAQ

What is the dividend amount declared by OVBC in July 2022?

Ohio Valley Banc Corp. declared a cash dividend of $0.21 per common share in July 2022.

When will the OVBC dividend be paid?

The OVBC dividend will be paid on August 10, 2022.

What is the record date for OVBC's July 2022 dividend?

Shareholders of record for the OVBC dividend must hold shares by the close of business on July 29, 2022.

Has OVBC declared any special dividends recently?

Yes, OVBC declared a special 150th Anniversary Dividend earlier in the year.

What are Ohio Valley Banc Corp.'s expansion plans?

OVBC plans to open a new Ironton Office later this summer.