OVBC Announces Cash Dividend

Rhea-AI Summary

Ohio Valley Banc Corp. (OVBC) declared a cash dividend of $0.21 per common share, payable on August 10, 2020, for shareholders of record as of July 31, 2020. This consistent dividend, maintained for nearly 11 years, demonstrates OVBC's commitment to its shareholders and community, even during challenging times. The company operates Ohio Valley Bank and Loan Central, with multiple offices in Ohio and West Virginia. OVBC remains dedicated to supporting regional development while providing value to its investors.

Positive

• Consistent quarterly dividend of $0.21 maintained for nearly 11 years, demonstrating stability for investors.
• Dividend payment shows commitment to shareholders during difficult economic times.

Negative

• None.

GALLIPOLIS, Ohio, July 22, 2020 /PRNewswire/ -- On July 21, 2020, Ohio Valley Banc Corp. [Nasdaq: OVBC] Board of Directors declared a cash dividend of $0.21 per common share payable on August 10, 2020, to shareholders of record as of the close of business on July 31, 2020. For almost 11 years, OVBC has maintained a consistent, regular quarterly dividend of $0.21 per common share.

"We are humbled to continue OVBC's tradition of offering a steady quarterly cash dividend even in these trying times. Thank you to the hundreds of loyal shareholders who continue to see the value in this hometown success story and its dedication to not only help our community survive but thrive."

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-301098016.html

SOURCE Ohio Valley Banc Corp.

FAQ

What is the dividend amount declared by OVBC in July 2020?

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 August 10, 2020.

What is the record date for the OVBC dividend?

The record date for the dividend is July 31, 2020.

How long has OVBC maintained its dividend payments?

OVBC has maintained a consistent quarterly dividend for nearly 11 years.