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

City Holding Company (NASDAQ:CHCO) announced a quarterly dividend on Wednesday, May 27th. Stockholders 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) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Wednesday, July 15th.

City has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 6 consecutive years. City has a payout ratio of 43.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 stock traded up $0.17 during mid-day trading on Friday, reaching $124.77. 79,758 shares of the stock traded hands, compared to its average volume of 105,136. City has a 1-year low of $113.21 and a 1-year high of $133.59. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.19. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 13.74 and a beta of 0.50. The stock’s fifty day simple moving average is $123.09 and its two-hundred day simple moving average is $122.73.

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