City Holding Company (CHCO) To Go Ex-Dividend on July 15th

City Holding Company (NASDAQ:CHCO) declared a quarterly dividend on Wednesday, May 27th. Investors of record on Wednesday, July 15th will be paid a dividend of 0.87 per share by the bank on Friday, July 31st. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, July 15th.

City has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 6 years. City has a payout ratio of 43.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect City to earn $9.32 per share next year, which means the company should continue to be able to cover its $3.48 annual dividend with an expected future payout ratio of 37.3%.

City Trading Up 0.1%

Shares of CHCO traded up $0.17 during trading hours on Friday, hitting $124.77. 85,121 shares of the stock were exchanged, compared to its average volume of 105,210. City has a fifty-two week low of $113.21 and a fifty-two week high of $133.59. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.84 and a quick ratio of 0.84. The business has a 50-day moving average of $123.09 and a 200-day moving average of $122.73. The firm has a market capitalization of $1.76 billion, a P/E ratio of 13.74 and a beta of 0.50.

City (NASDAQ:CHCO) last posted its quarterly earnings results on Thursday, April 23rd. The bank reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.03. City had a net margin of 32.72% and a return on equity of 16.58%. The business had revenue of $79.25 million during the quarter, compared to analysts’ expectations of $79.25 million. On average, research analysts expect that City will post 8.99 EPS for the current year.

City Company Profile

City Holding Company (NASDAQ:CHCO) is a bank holding company headquartered in Morgantown, West Virginia. Through its wholly owned subsidiary, City National Bank, the company offers a full range of banking and financial services to individuals, businesses and nonprofit organizations. Its operations emphasize community-oriented banking, combining local decision-making with access to digital banking platforms.

The company’s product portfolio includes deposit accounts such as checking, savings and money market accounts, as well as consumer and commercial lending solutions ranging from personal loans and mortgages to commercial real estate and equipment financing.