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

City Holding Company (NASDAQ:CHCO) declared a quarterly dividend on Wednesday, March 25th. Stockholders of record on Wednesday, April 15th will be given a dividend of 0.87 per share by the bank on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Wednesday, April 15th.

City has increased its dividend by an average of 0.1%annually 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% indicating that its dividend is sufficiently covered by earnings. Research analysts expect City to earn $7.97 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 43.7%.

City Stock Down 1.1%

Shares of CHCO stock traded down $1.33 on Friday, hitting $120.04. The stock had a trading volume of 141,954 shares, compared to its average volume of 109,006. The stock’s 50 day moving average is $122.18 and its 200-day moving average is $122.30. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 13.43 and a beta of 0.51. City has a 52-week low of $102.22 and a 52-week high of $133.59. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83.

City (NASDAQ:CHCO) last issued its quarterly earnings data on Wednesday, January 21st. The bank reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.11). The firm had revenue of $60.83 million during the quarter, compared to analyst estimates of $81.38 million. City had a return on equity of 16.61% and a net margin of 32.56%. As a group, research analysts expect that City will post 7.58 earnings per share for the current 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.