Oak Valley Bancorp (OVLY) Declares $0.13 Quarterly Dividend; 2.3% Yield

Oak Valley Bancorp (NASDAQ: OVLY) declared a quarterly dividend of $0.13 per share, or $0.52 annualized.

The dividend will be payable on August 10, 2018, to stockholders of record on July 30, 2018, with an ex-dividend date of July 27, 2018.

The annual yield on the dividend is 2.3 percent.

“We are pleased to report another quarter of strong core operating results. Net interest income continues to increase and drive profitability,” stated Chris Courtney, President and CEO. Moving to the second half of the year, we are excited about our expansion into Sacramento and the upcoming opening of our new Capitol Mall Branch. We are proud of the relationship team we have assembled for the market, and the response from the business community has been extremely positive,” he concluded.

“Inclusion in the Russell Index is an affirmation of our commitment to steady growth and the creation of long-term shareholder value. It’s an honor to be recognized as one of the 3,000 largest publicly-traded companies in the U.S. and any enhanced liquidity gleaned from inclusion is a benefit to our investors, ” commented Rick McCarty, Senior EVP and COO.

For a dividend history and other dividend-related data on Oak Valley Bancorp (OVLY) click here.

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