OVBC ANNOUNCES CASH DIVIDEND

Rhea-AI Summary

Ohio Valley Banc Corp. (OVBC) announced on April 18, 2023, that its Board of Directors has declared a cash dividend of $0.22 per common share. This cash dividend will be payable on May 10, 2023, to shareholders who are on record as of the close of business on April 28, 2023.

Chairman Tom Wiseman expressed enthusiasm about delivering this increased quarterly dividend, emphasizing the company's commitment to reward loyal shareholders while navigating upcoming challenges and opportunities. Ohio Valley Banc Corp. operates The Ohio Valley Bank Company, which has 17 branches in Ohio and West Virginia, and Loan Central, Inc., with six finance offices in Ohio.

Positive

• Declared a cash dividend of $0.22 per share, reflecting company confidence and shareholder rewards.

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• None.

GALLIPOLIS, Ohio, April 18, 2023 /PRNewswire/ -- On April 18, 2023, Ohio Valley Banc Corp. [Nasdaq: OVBC] Board of Directors declared a cash dividend of $0.22 per common share payable on May 10, 2023, to shareholders of record as of the close of business on April 28, 2023. The directors and management of Ohio Valley Banc Corp. were excited to deliver the news of this increase in the quarterly dividend.

"We hope our loyal shareholders enjoy the rewards of the lasting success of their company. And while we take time to celebrate, our minds continually must stay on the challenges and opportunities ahead as we together work toward our mission to put Community First and make a real difference in the communities we serve," Tom Wiseman, OVBC Chairman of the Board, 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. 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-301801025.html

SOURCE Ohio Valley Banc Corp.

FAQ

What is the dividend amount declared by OVBC?

Ohio Valley Banc Corp. declared a cash dividend of $0.22 per common share.

When will the dividend be paid to OVBC shareholders?

The dividend will be paid on May 10, 2023.

What is the record date for OVBC's dividend?

The record date for the dividend is April 28, 2023.

How often does OVBC pay dividends?

Ohio Valley Banc Corp. typically pays dividends quarterly.

Is the dividend from OVBC sustainable?

While the recent increase in dividends may indicate confidence, sustainability should be evaluated based on future earnings and company performance.