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GALLIPOLIS, Ohio - Ohio Valley Banc Corp. (NASDAQ:OVBC) announced Tuesday its board of directors has declared a quarterly cash dividend of $0.23 per common share, payable on August 10, 2025, to shareholders of record as of July 25, 2025. The dividend represents a 2.69% yield, reflecting the company’s remarkable 32-year streak of consistent dividend payments, according to InvestingPro data.
The dividend announcement comes as the company reports continued strong loan growth through the first half of 2025, according to Chairman Tom Wiseman, who noted that the first two quarters of the year performed close to expectations.
"The first two quarters of 2025 ran close to expectation, and I am pleased to report that we’ve continued strong loan growth," Wiseman said in a press release statement.
The company has also increased focus on its employee Impact Day program, which aims to support local communities through volunteer initiatives.
Ohio Valley Banc Corp., headquartered in Gallipolis, Ohio, is the parent company of The Ohio Valley Bank Company, which operates 17 offices across Ohio and West Virginia, and Loan Central, Inc., which maintains six consumer finance offices in Ohio.
In other recent news, Ohio Valley Banc Corp. reported a substantial 57.8% increase in its net income for the first quarter ending March 31, 2025, reaching $4.4 million. This growth translated to earnings per share of $0.94, up from $0.58 in the same quarter of the previous year. The company’s net interest income also saw an increase, driven by growth in average earning assets and net interest margin. Additionally, Ohio Valley Banc Corp. announced a quarterly cash dividend of $0.23 per share, scheduled for payment on August 10, 2025, to shareholders of record as of July 25, 2025. The company has also been added to the Russell 3000 Index, effective June 30, 2025, which places it in the small-cap Russell 2000 Index as well. Shareholders recently elected directors and ratified the appointment of Plante & Moran PLLC as the independent auditor for the fiscal year. In a statement, the company’s leadership expressed confidence in navigating economic challenges while maintaining support for shareholders. These developments highlight Ohio Valley Banc Corp.’s efforts to enhance shareholder value amidst evolving market conditions.
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