Community Heritage Financial, Inc. Announces Dividend Increase

Rhea-AI Summary

Community Heritage Financial (OTCPK: CMHF) has announced a significant increase in its quarterly cash dividend. The Board of Directors declared a quarterly dividend of $0.08 per share, representing a 33% increase from the previous dividend paid in November 2024. The dividend will be paid on February 7, 2025 to shareholders of record as of January 31, 2025.

The company operates through its subsidiary Middletown Valley Bank, which has been serving since 1908, providing personal and business banking services, along with mortgage lending through its subsidiary Millennium Financial Services (Mlend). The bank maintains operations across Maryland counties including Frederick, Washington, and Garrett, as well as in Franklin County, Pennsylvania.

Positive

• 33% increase in quarterly dividend from previous payment
• Dividend raised to $0.08 per share, indicating strong financial position
• Geographic presence across multiple counties in Maryland and Pennsylvania

Negative

• None.

MIDDLETOWN, Md., Jan. 21, 2025 /PRNewswire/ -- Community Heritage Financial, Inc. (OTCPK: CMHF), announced today its Board of Directors declared a quarterly cash dividend to shareholders of $0.08 per share, which represents a 33% increase from its last quarterly cash dividend paid in November 2024. The dividend is payable on February 7, 2025 to shareholders of record as of January 31, 2025.

Community Heritage Financial, Inc. is the parent company of Middletown Valley Bank (the "Bank"). Middletown Valley Bank provides personal and business banking services, as well as mortgage lending services through its wholly owned subsidiary, Millennium Financial Services, Inc. (Mlend). Originating in Middletown, Maryland in 1908, today the Bank operates offices in the Maryland counties of Frederick, Washington and Garrett, and Franklin County, Pennsylvania. For more information, visit www.communityheritageinc.com or www.mvbbank.com.

Investor Relations Contact:

Community Heritage Financial, Inc.
Robert E. (BJ) Goetz, Jr.
President & Chief Executive Officer
301-371-3055
bjgoetz@mvbbank.com

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SOURCE Community Heritage Financial, Inc.

FAQ

What is the new quarterly dividend amount for Community Heritage Financial (CMHF)?

Community Heritage Financial (CMHF) has declared a quarterly cash dividend of $0.08 per share.

When will CMHF pay its latest quarterly dividend?

The dividend will be paid on February 7, 2025, to shareholders of record as of January 31, 2025.

How much did CMHF increase its dividend in January 2025?

CMHF increased its quarterly dividend by 33% compared to its previous dividend paid in November 2024.

What is the record date for CMHF's latest dividend?

The record date for CMHF's latest dividend is January 31, 2025.

In which regions does Community Heritage Financial (CMHF) operate?

CMHF operates in Frederick, Washington, and Garrett counties in Maryland, and Franklin County in Pennsylvania.