OVBC Announces Cash Dividend

Rhea-AI Summary

On April 20, 2021, Ohio Valley Banc Corp. (OVBC) declared a cash dividend of $0.21 per common share, payable on May 10, 2021, to shareholders of record by April 30, 2021. The company emphasizes its commitment to maintaining regular quarterly dividends. CEO Tom Wiseman expressed gratitude to customers and shareholders for their support during challenging times. Additionally, Ohio Valley Bank is preparing to award $3,000 scholarships and plans community events for the summer and fall.

Positive

• Declared a consistent cash dividend of $0.21 per share.
• Continues to support community initiatives such as $3,000 scholarships.
• Operates 15 branches in Ohio and West Virginia, indicating stable local presence.

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• None.

GALLIPOLIS, Ohio, April 21, 2021 /PRNewswire/ -- On April 20, 2021, Ohio Valley Banc Corp. [Nasdaq: OVBC] Board of Directors declared a cash dividend of $0.21 per common share payable on May 10, 2021, to shareholders of record as of the close of business on April 30, 2021. OVBC once again continues the tradition of maintaining a consistent, regular quarterly dividend.

"Our lobbies, as well as our Walmart and Holzer branches are open. We are grateful to get back to business as usual," said Tom Wiseman, chairman and CEO. "Many thanks to our customers and shareholders in doing their part to keep our communities safe and healthy."

Wiseman also mentioned that with extended deadlines, income tax prep services are still in demand at Loan Central. Ohio Valley Bank is gearing up to award its newest class of $3,000 OVB 4-H Scholarships and is in the early stages of planning for community events this summer and fall.

Ohio Valley Banc Corp. is based in Gallipolis, Ohio. The primary subsidiaries of the company are: Ohio Valley Bank and Loan Central. Ohio Valley Bank is an FDIC-insured, state member bank of the Federal Reserve operating 15 offices in Ohio and West Virginia. Loan Central, specializing in tax preparation and loans, is a finance company with six offices in southern Ohio. Ohio Valley Banc Corp. stock is traded on The NASDAQ Global Market under the symbol OVBC. For more information, visit www.ovbc.com or www.myloancentral.com.

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

View original content:http://www.prnewswire.com/news-releases/ovbc-announces-cash-dividend-301274026.html

SOURCE Ohio Valley Banc Corp.

FAQ

What is the dividend amount declared by OVBC?

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

When will the OVBC dividend be paid?

The dividend will be paid on May 10, 2021.

What is the record date for OVBC's dividend?

The record date for the dividend is April 30, 2021.

How often does OVBC pay dividends?

Ohio Valley Banc Corp. maintains a tradition of consistent quarterly dividends.