OVBC ANNOUNCES CASH DIVIDEND

Rhea-AI Summary

Ohio Valley Banc Corp. (OVBC) announced a cash dividend of $0.21 per common share, payable on Feb. 10, 2023, to shareholders of record as of Jan. 27, 2023. This reflects OVBC's commitment to providing consistent quarterly dividends. The company celebrated its 150th anniversary in 2022 and emphasized its strength and readiness for upcoming opportunities, as stated by Chairman Tom Wiseman.

Ohio Valley Banc operates The Ohio Valley Bank with 17 locations in Ohio and West Virginia, and Loan Central, Inc., which manages six offices in Ohio.

Positive

• Declared a cash dividend of $0.21 per share, enhancing shareholder income.
• Maintains a strong tradition of consistent quarterly dividends.
• Celebrated its 150th anniversary, indicating stability and longevity.

Negative

• None.

GALLIPOLIS, Ohio, Jan. 17, 2023 /PRNewswire/ -- Ohio Valley Banc Corp. [Nasdaq: OVBC] Board of Directors declared a cash dividend of $0.21 per common share payable on Feb. 10, 2023, to shareholders of record as of the close of business on Jan. 27, 2023. OVBC once again continues the tradition of maintaining a consistent, regular quarterly dividend.

"2022 marked a year of milestones. We have enjoyed looking back and celebrating the company's many accomplishments, especially the observance of our 150^th anniversary. We now turn our attention toward the most important year in our history – the one right in front of us. I'm proud to report that your company is strong, and the dedicated men and women of OVBC are eager to embrace the opportunities ahead," Tom Wiseman, OVB Chairman said.

Ohio Valley Banc Corp. is based in Gallipolis, Ohio. The company owns The Ohio Valley Bank Company, with 17 offices in Ohio and West Virginia, and Loan Central, Inc., with six consumer finance offices in Ohio. The Ohio Valley Bank Company also operates an online consumer direct mortgage company 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-301723936.html

SOURCE Ohio Valley Banc Corp.

FAQ

What is the dividend payment date for OVBC?

The dividend payment date for OVBC is February 10, 2023.

How much is the cash dividend for Ohio Valley Banc Corp.?

The cash dividend for Ohio Valley Banc Corp. is $0.21 per common share.

When is the record date for the OVBC dividend?

The record date for the OVBC dividend is January 27, 2023.

Does OVBC offer regular dividends?

Yes, OVBC has a tradition of maintaining consistent quarterly dividends.