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

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) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date 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 increased its dividend every year for the last 6 years. City has a 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 Trading Down 0.1%

Shares of NASDAQ:CHCO traded down $0.17 during mid-day trading on Friday, reaching $124.44. 82,333 shares of the company’s stock were exchanged, compared to its average volume of 105,159. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 13.70 and a beta of 0.50. The business’s fifty day moving average price is $123.09 and its 200-day moving average price is $122.73. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.84 and a current ratio of 0.84. City has a twelve month low of $113.21 and a twelve month high of $133.59.

City (NASDAQ:CHCO) last issued its quarterly earnings results on Thursday, April 23rd. The bank reported $2.20 EPS for the quarter, topping 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 net margin of 32.72% and a return on equity of 16.58%. On average, research analysts predict that City will post 8.99 EPS for the current fiscal year.

City declared that its board has initiated a stock repurchase plan on Wednesday, March 25th that permits the company to repurchase 1,000,000 outstanding shares. This repurchase authorization permits the bank to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

About City

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.