Orange County Bancorp, Inc. Declares Cash Dividend

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

Orange County Bancorp (Nasdaq: OBT) has announced a $0.25 cash dividend per share of common stock, representing a $0.02 increase from the previous dividend. The dividend will be paid on December 16, 2024 to shareholders of record as of December 4, 2024. The company operates through its subsidiaries Orange Bank & Trust Company and Hudson Valley Investment Advisors.

Positive

Dividend increased by $0.02 per share
Continued ability to provide shareholder returns through dividends

Negative

None.

News Market Reaction – OBT

-0.20%

1 alert

-0.20% News Effect

On the day this news was published, OBT declined 0.20%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

11/22/2024 - 04:00 PM

MIDDLETOWN, N.Y., Nov. 22, 2024 (GLOBE NEWSWIRE) -- Orange County Bancorp, Inc. (Nasdaq: OBT), parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc. today announced a $0.02 increase and a declaration of a $0.25 cash dividend per share of its common stock. The dividend will be paid on December 16, 2024 to shareholders of record on December 4, 2024.

About Orange County Bancorp Inc.
Orange County Bancorp, Inc. is the parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc. Orange Bank & Trust Company is an independent bank that began with the vision of 14 founders over 125 years ago. It has grown through innovation and an unwavering commitment to its community and business clientele to approximately $2.5 billion in total assets. Hudson Valley Investment Advisors, Inc. is a Registered Investment Advisor in Goshen, NY. It was founded in 1996 and acquired by the Company in 2012.