Orange County Bancorp Rewards Shareholders With 8.7% Dividend Hike

Zacks11-27

Orange County Bancorp, Inc. OBT announced a cash dividend of 25 cents per share, an increase of 8.7% from the prior payout. The dividend will be paid out on Dec. 16, 2024, to shareholders of record as...

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The dividend will be paid out on Dec. 16, 2024, to shareholders of record as...</p>\n\n<a href=\"https://finance.yahoo.com/news/orange-county-bancorp-rewards-shareholders-181600572.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Orange County Bancorp Rewards Shareholders With 8.7% Dividend Hike</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOrange County Bancorp Rewards Shareholders With 8.7% Dividend Hike\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-27 02:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/orange-county-bancorp-rewards-shareholders-181600572.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Orange County Bancorp, Inc. OBT announced a cash dividend of 25 cents per share, an increase of 8.7% from the prior payout. The dividend will be paid out on Dec. 16, 2024, to shareholders of record as...</p>\n\n<a href=\"https://finance.yahoo.com/news/orange-county-bancorp-rewards-shareholders-181600572.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://finance.yahoo.com/news/orange-county-bancorp-rewards-shareholders-181600572.html","article_id":"2486783519","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/cZEHlLvyX0zTUMdXU9xmyA--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/d6db472302789f9a12a5cceaac1bb375"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486783519","pubTimestamp":1732644960,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Orange County Bancorp, Inc. OBT announced a cash dividend of 25 cents per share, an increase of 8.7% from the prior payout. The dividend will be paid out on Dec. 16, 2024, to shareholders of record as of Dec. 4, 2024.Prior to this, the company increased its dividend by 15% to 23 cents per share in November 2022. It has a five-year annualized dividend growth of 5.75%. At present, its payout ratio is 18% of its earnings.Based on its closing price of $59.38 as of Nov. 25, 2024, OBT’s current dividend yield is 1.55%.Orange County Bancorp’s dividend increase reflects its strong financial health and commitment to enhancing shareholders' value. The decision to raise the dividend is based on the company's performance and initiatives that have contributed to its growth and stability.Shares of Orange County Bancorp have risen 25.3% compared with the industry’s growth of 33.1% over the past six months.Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BK4539":"次新股","ICBK":"County Bancorp, Inc.","BK4099":"汽车制造商","BK4211":"区域性银行","BK4585":"ETF&股票定投概念","BK4523":"印度概念","BK4589":"SVB概念","ZION":"齐昂银行","TTM":"塔塔汽车","FXNC":"First National Corp","OBT":"Orange County Bancorp Inc"},"translate_title":"Orange County Bancorp将股息提高8.7%奖励股东","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FXNC":1,"ICBK":1,"OBT":1,"TTM":1,"ZION":1},"content_text":"Orange County Bancorp, Inc. OBT announced a cash dividend of 25 cents per share, an increase of 8.7% from the prior payout. The dividend will be paid out on Dec. 16, 2024, to shareholders of record as of Dec. 4, 2024. \nPrior to this, the company increased its dividend by 15% to 23 cents per share in November 2022. It has a five-year annualized dividend growth of 5.75%. At present, its payout ratio is 18% of its earnings.\nBased on its closing price of $59.38 as of Nov. 25, 2024, OBT’s current dividend yield is 1.55%.\nOrange County Bancorp, Inc. Dividend Yield (TTM)\n\n\nOrange County Bancorp, Inc. dividend-yield-ttm | Orange County Bancorp, Inc. Quote\n\nOrange County Bancorp’s Liquidity Position\nOBT enjoys a decent balance sheet position. As of Sept. 30, 2024, cash and due from banks were $160.9 million, while short and long-term borrowings were $92 million. Total loans were $1.8 billion and total deposits were $2.1 billion.\nAt the end of Sept. 30, 2024, the bank maintained capital ratios above regulatory standards for well-capitalized institutions. The bank’s Tier 1 capital to average assets ratio was 10.06%, both common equity and Tier 1 capital to risk-weighted assets were 13.64%, and total capital to risk-weighted assets was 14.89%.\nOur Take on OBT\nOrange County Bancorp’s dividend increase reflects its strong financial health and commitment to enhancing shareholders' value. The decision to raise the dividend is based on the company's performance and initiatives that have contributed to its growth and stability.\nGiven its decent capital and liquidity positions, OBT is expected to sustain its current capital distribution activities and enhance shareholder value.\nOBT’s Zacks Rank & Price Performance\nShares of Orange County Bancorp have risen 25.3% compared with the industry’s growth of 33.1% over the past six months.\nImage Source: Zacks Investment Research\nOBT currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nDividend Hikes by Other Banks\nEarlier this month, First National Corporation FXNC hiked its quarterly cash dividend by 3.3% to 15.5 cents per share. The dividend will be paid out on Dec. 13, 2024, to shareholders of record as of Nov. 29.\nFXNC raised its dividend consecutively in the last 10 years. The bank had increased its dividend 7.1% to 15 cents per share in February 2023. It has a dividend payout ratio of 48%.\nSimilarly, Zions Bancorporation ZION hiked its quarterly cash dividend by 4.9% to 43 cents per share. The dividend will be paid out on Nov. 21, 2024, to shareholders of record as of Nov. 15.\nBefore this, ZION increased its dividend by 7.9% to 41 cents per share in July 2022. The bank has increased its dividend thrice in the last five years, with a dividend payout ratio of 33%.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nZions Bancorporation, N.A. (ZION) : Free Stock Analysis Report\nFirst National Corp. (FXNC) : Free Stock Analysis Report\nOrange County Bancorp, Inc. (OBT) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2486783519"}