Cortland Bancorp Inc (OTCMKTS:CLDB) announced a quarterly dividend on Tuesday, January 23rd, Zacks reports. Shareholders of record on Thursday, February 8th will be given a dividend of 0.11 per share by the financial services provider on Thursday, March 1st. This represents a $0.44 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Wednesday, February 7th. This is a positive change from Cortland Bancorp’s previous quarterly dividend of $0.08.

Shares of Cortland Bancorp (CLDB) opened at $21.02 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.80 and a quick ratio of 0.79. Cortland Bancorp has a 12 month low of $17.00 and a 12 month high of $21.50. The company has a market cap of $92.98, a price-to-earnings ratio of 16.55 and a beta of 0.21.

In related news, COO Timothy Carney bought 2,173 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The shares were acquired at an average cost of $20.25 per share, with a total value of $44,003.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J Martin Erbaugh bought 2,650 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were bought at an average cost of $19.16 per share, for a total transaction of $50,774.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 6,094 shares of company stock worth $119,133. Insiders own 8.84% of the company’s stock.

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Cortland Bancorp Company Profile

Cortland Bancorp is a bank holding company. The Company’s principal activity is to own, manage and supervise The Cortland Savings and Banking Company (Cortland Banks or the Bank). The Company operates through the commercial banking segment. The Bank is a state chartered bank engaged in commercial and retail banking.

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