City Holding raises quarterly dividend to 71.5c per common share

City Holding Company, the parent company of City National Bank of West Virginia, declared a dividend of 71.5c per common share for shareholders of record as of October 13. The dividend is payable on October 31. The dividend represents a 10.0% increase from the 65c per share cash dividend paid in the second quarter of 2023. “City’s board reaffirmed the company’s commitment of returning value to its shareholders today by voting to approve an increase in the quarterly cash dividend of 6.5 cents to 71.5 cents. The company’s current strong capital and liquidity position, our financial performance during 2023, and our confidence in the company’s ability to sustain this performance led to the decision to increase the dividend to $2.86 on an annualized basis,” stated President and CEO Charles Hageboeck.