OVBC ANNOUNCES CASH DIVIDEND

Rhea-AI Summary

Ohio Valley Banc Corp. (Nasdaq: OVBC) has announced a cash dividend of $0.21 per common share, payable on Nov. 10, 2022. Shareholders of record as of Oct. 28, 2022 will receive this dividend, continuing the company’s tradition of regular quarterly payments. This announcement coincides with the bank’s 150th anniversary and the recent opening of a new branch in Ironton, Ohio, reinforcing its commitment to community banking.

Positive

• Consistent quarterly dividend of $0.21 enhances shareholder value.
• Celebration of 150 years of service improves brand loyalty.
• Expansion with new Ironton location increases market presence.

Negative

• None.

GALLIPOLIS, Ohio, Oct. 18, 2022 /PRNewswire/ -- Ohio Valley Banc Corp. (Nasdaq: OVBC) Board of Directors declared a cash dividend of $0.21 per common share payable on Nov. 10, 2022, to shareholders of record as of the close of business on Oct. 28, 2022. OVBC once again continues the tradition of maintaining a consistent, regular quarterly dividend.

"Tuesday, Nov. 1, marks the actual day in 1872 when Ohio Valley Bank opened its doors in Gallipolis at the Shober Block building, located on Second Ave. across from the City Park. I'm now sitting in an office just up the block from that location in a building constructed by the company in 1896," Tom Wiseman, OVB Chairman said. "Our 150^th year as a company certainly has been an active one. We recently opened our newest Ohio Valley Bank location in Ironton. With the Ironton Office, we are thrilled to expand both our banking services as well as our Community First Mission to Lawrence County. We are also continuing to celebrate our 150 years as an independent, community bank with special customer events and giveaways across all of our locations. Most importantly, we are pleased to begin the next 150 years as an independent, community bank, and we thank our shareholders for making that possible."

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-301652797.html

SOURCE Ohio Valley Banc Corp.

FAQ

What is the dividend amount declared by OVBC?

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

When is the dividend payment date for OVBC?

The dividend is payable on Nov. 10, 2022.

What is the record date for the OVBC dividend?

The record date for the dividend is Oct. 28, 2022.

How often does OVBC pay dividends?

OVBC maintains a consistent schedule of regular quarterly dividends.

What is the significance of OVBC's 150th anniversary?

The 150th anniversary highlights the bank's long-standing commitment to the community and its customers.