Orange County Bancorp Rewards Shareholders With 8.7% Dividend Hike

Orange County Bancorp, Inc. (OBT) announced a cash dividend of 25 cents per share, an increase of 8.7% from the prior payout. The dividend will be paid out on Dec. 16, 2024, to shareholders of record as of Dec. 4, 2024. Prior to this, the company increased its dividend by 15% to 23 cents per share in November 2022. It has a five-year annualized dividend growth of 5.75%. At present, its payout ratio is 18% of its earnings.Based on its closing price of $59.38 as of Nov. 25, 2024, OBT’s current dividend yield ...