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In a recent transaction reported to the Securities and Exchange Commission, David L. Bumgarner, Executive Vice President and Chief Financial Officer of City Holding Co. (NASDAQ:CHCO), sold 1,058 shares of common stock. The shares were sold at a price of $118 each, amounting to a total transaction value of $124,844. The $1.7 billion market cap company, which currently trades at a P/E ratio of 14.9x, has demonstrated strong financial health according to InvestingPro analysis.
Following this sale, Bumgarner holds 10,635.65 shares directly. Additionally, he has indirect holdings through a 401(k) Plan and Trust, totaling 2,955.7772 shares, and 115 shares held in an IRA. The report also highlights his holdings of restricted stock units, which represent the right to receive common stock upon vesting. Notably, City Holding has maintained dividend payments for 24 consecutive years, with a current yield of 2.7%. InvestingPro subscribers can access additional insights on insider transactions and 7 more key investment tips for CHCO.
In other recent news, City Holding Company has declared a dividend of $0.79 per share. This announcement was made in a filing with the Securities and Exchange Commission, highlighting the company’s ongoing commitment to returning capital to its investors. The dividend is set for shareholders of record as of April 15, 2025, with a payment date on April 30, 2025. This move is consistent with City Holding’s history of regular dividend payouts, reflecting its financial stability and performance. The announcement serves as a direct communication to shareholders, indicating the company’s positive outlook on its profitability and liquidity. This information was disclosed in the company’s latest 8-K filing, ensuring transparency and timely dissemination of important corporate information. City Holding’s dividend declaration is a routine aspect of its financial management, adhering to its policy of sharing profits with shareholders. The company operates under the NASDAQ Global Select Market, emphasizing its established financial practices.
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