Cortland Bancorp Declares Quarterly Cash Dividend of $0.15 Per Share
Cortland Bancorp (NASDAQ: CLDB) has announced a quarterly cash dividend of $0.15 per share, payable on September 1, 2021, to shareholders of record by August 9, 2021.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Cortland Bancorp (NASDAQ: CLDB) has announced a quarterly cash dividend of $0.15 per share, payable on September 1, 2021, to shareholders of record by August 9, 2021.
President James Gasior highlighted the company’s strong earnings as a factor supporting this dividend decision, emphasizing the attractive return for shareholders, with an annualized yield of 2.2% based on the stock's recent price of $26.80.
Positive
- Approval of a quarterly cash dividend of $0.15 per share.
- Annualized yield of 2.2%, providing attractive returns for shareholders.
- Strong earnings performance supporting continued dividend payments.
Negative
- None.
Details
News Market Reaction – CLDB
The recorded move for CLDB in the trading session of this news was -2.09%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
CORTLAND, Ohio, July 21, 2021 (GLOBE NEWSWIRE) -- Cortland Bancorp (NASDAQ: CLDB), the holding company for Cortland Savings and Banking Company, today announced that its Board of Directors approved a quarterly cash dividend of
“In response to our continued solid earnings performance, we are pleased to be able to continue the quarterly cash dividend,” said James Gasior, President and Chief Executive Officer. “Cash dividends, along with our share price appreciation, provide an attractive return to our shareholders.” At the recent stock price of
About Cortland Bancorp
Cortland Bancorp is a financial holding company headquartered in Cortland, Ohio. Founded in 1892, the Company’s bank subsidiary, The Cortland Savings and Banking Company conducts business through fourteen full-service community banking offices located in the counties of Trumbull, Mahoning, Portage, Summit, and Cuyahoga in the Northeast Ohio area and a financial service center in Fairlawn, Ohio. For additional information about Cortland Bank visit http://www.cortlandbank.com.
Source: Cortland Bancorp
CONTACT:
James M. Gasior, President & CEO
(330) 282-4111
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.