Cortland Bancorp (CLDB) Declares $0.11 Quarterly Dividend; 2.3% Yield

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Cortland Bancorp Declares Quarterly Cash Dividend of $0.11 Per Share; Declares Special Dividend of $0.05 Per Share

January 23, 2019 3:30 PM EST

CORTLAND, Ohio, Jan. 23, 2019 (GLOBE NEWSWIRE) -- Cortland Bancorp (CLDB), the holding company for Cortland Savings and Banking Company, today announced that its Board of Directors approved a quarterly cash dividend of $0.11 per share.  The dividend will be payable on March 1, 2019, to shareholders of record as of the close of business on February 11, 2019.

In addition to the quarterly dividend, the Board declared a special dividend for $.05 per share, also payable March 1, 2019, to shareholders of record on February 11, 2019. The bonus dividend is in recognition of the Companys record... More