City Holding Company (CHCO) To Go Ex-Dividend on July 15th

City Holding Company (NASDAQ:CHCO) declared 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) annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, July 15th.

City has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 6 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 Price Performance

Shares of NASDAQ CHCO opened at $132.76 on Monday. The firm’s fifty day moving average is $127.19 and its 200 day moving average is $124.31. City has a 52 week low of $113.21 and a 52 week high of $136.17. 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 $1.87 billion, a price-to-earnings ratio of 14.62 and a beta of 0.49.

City (NASDAQ:CHCO) last announced its quarterly earnings results on Thursday, April 23rd. The bank reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.03. City had a net margin of 32.72% and a return on equity of 16.58%. The business had revenue of $79.25 million during the quarter, compared to analysts’ expectations of $79.25 million. On average, equities research analysts expect that City will post 8.99 earnings per share for the current year.

City declared that its Board of Directors has approved a stock repurchase plan on Wednesday, March 25th that permits the company to buyback 1,000,000 shares. This buyback authorization permits the bank to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

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.