City Holding Company to Issue Quarterly Dividend of $0.87 (NASDAQ:CHCO)

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

City has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 6 consecutive years. City has a dividend payout ratio of 43.2% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of CHCO stock traded up $0.17 on Friday, hitting $124.77. 79,758 shares of the stock were exchanged, compared to its average volume of 105,136. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $1.76 billion, a PE ratio of 13.74 and a beta of 0.50. City has a one year low of $113.21 and a one year high of $133.59. The firm’s 50 day moving average is $123.09 and its two-hundred day moving average is $122.73.

City (NASDAQ:CHCO) last released its quarterly earnings data on Thursday, April 23rd. The bank reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.03. The company had revenue of $79.25 million for the quarter, compared to analyst estimates of $79.25 million. City had a return on equity of 16.58% and a net margin of 32.72%. Sell-side analysts expect that City will post 8.99 earnings per share for the current fiscal 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.