Cortland Bancorp (CLDB) Declares $0.11 Quarterly Dividend; 1.9% Yield

Cortland Bancorp (NASDAQ: CLDB) declared a quarterly dividend of $0.11 per share, or $0.44 annualized.

The dividend will be payable on June 3, 2019, to stockholders of record on May 13, 2019, with an ex-dividend date of May 10, 2019.

The annual yield on the dividend is 1.9 percent.

“In response to our solid first quarter earnings performance, we are pleased to be able to continue to pay a quarterly cash dividend to our valued shareholders,” said James Gasior, President and Chief Executive Officer. “Cash dividends along with our share price increase during the year, provide an attractive return to our shareholders.” At the stock price of $24.99 per share at the close of the market on April 22, 2019, the current dividend equates to a yield of 1.8% on an annualized basis.

For a dividend history and other dividend-related data on Cortland Bancorp (CLDB) click here.

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