City Holding announces dividend of $0.79 per share

CHARLESTON, WV – In a recent filing with the Securities and Exchange Commission, City Holding Company (NASDAQ:CHCO), a $1.76 billion market cap financial institution known for its national commercial banking services, announced a dividend declaration for its shareholders. Today, the company’s Board of Directors reported a dividend of $0.79 per common share, representing a current yield of 2.66%. According to InvestingPro data, the company has maintained consistent dividend payments for 24 consecutive years.

The dividend is scheduled for shareholders of record as of April 15, 2025, with the payment date set for April 30, 2025. This announcement is consistent with City Holding’s history of delivering shareholder value through regular dividend payouts, having raised its dividend for 13 consecutive years. The company’s strong track record has contributed to its impressive 21.17% total return over the past year.

City Holding, with its headquarters in Charleston, West Virginia, operates under the NASDAQ Global Select Market with the trading symbol CHCO. Trading at a P/E ratio of 15.14, the company’s declaration reflects its ongoing commitment to return capital to its investors and underscores its financial stability and performance in the sector. InvestingPro analysis suggests the stock is currently slightly undervalued, with additional metrics and insights available to subscribers.

Investors and market watchers often view dividend announcements as an indicator of a company’s financial health and management’s confidence in its future cash flows. City Holding’s latest dividend declaration is a direct communication to its shareholders that the company maintains a positive outlook on its profitability and liquidity.

This financial event is based on the company’s latest 8-K filing, which serves as an official record of significant corporate events that could be of interest to City Holding’s shareholders and the broader investment community. The 8-K filing is a regulatory requirement by the SEC, ensuring transparency and timely dissemination of important corporate information.

The declaration of dividends is a routine aspect of City Holding’s financial management, and the company has consistently adhered to its policy of sharing profits with its shareholders. The established record and payment dates are part of the company’s scheduled financial operations and follow its fiscal calendar.

As with all investments, shareholders are advised to consider the company’s performance, market conditions, and individual financial circumstances when assessing the relevance of dividend payments to their investment strategies. With an overall Financial Health Score of "GOOD" from InvestingPro, the company demonstrates solid fundamentals, with subscribers having access to over 30 additional financial metrics and analysis tools.

City Holding’s latest SEC filing and dividend declaration are part of the company’s regular financial reporting and do not necessarily indicate a change in its overall strategy or market position.

In other recent news, City Holding reported a fourth-quarter earnings per share (EPS) of $1.94, with an adjusted core EPS of $2.11, surpassing analyst expectations due to lower expenses and provisions for credit losses. Piper Sandler responded by lowering its price target for City Holding shares from $135 to $125, while maintaining a Neutral rating. The company’s net interest margin (NIM) decreased by 12 basis points to 3.75%, slightly below expectations. Keefe, Bruyette & Woods maintained a Market Perform rating with a price target of $130, noting a mix of positive outcomes despite the NIM decline. The firm highlighted City Holding’s robust growth on a linked-quarter annualized basis and lower taxes as contributors to its performance. Additionally, the passing of long-serving director Tracy W. Hylton II was announced, marking the end of his impactful tenure since 1993. Mr. Hylton played a significant role in the company’s history, including the 1998 merger with Horizon Bancorp (NASDAQ:HBNC). In his memory, City Holding donated $15,000 to a scholarship fund he established, benefiting students from coal-producing counties in West Virginia. These developments reflect City Holding’s recent activities and performance in the market.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.