By Katherine Hamilton
Orange County Bancorp announced a dividend for the first time since its stock split.
The parent company of Orange Bank & Trust and Hudson Valley Investment Advisors said the dividend will be 13 cents a share. the company plans to pay it on March 17 to shareholders of record on March 4, it said Friday.
In December, OCB enacted a two-for-one stock split to make investing in the company more accessible. Before that, the quarterly cash dividend was 25 cents a share.
The new payout, equal to 52 cents a year, represents a yield of about 2% based on Friday's closing price of $25.43.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
February 21, 2025 16:45 ET (21:45 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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