GALLIPOLIS, OH—Ohio Valley Banc Corp. (NASDAQ:OVBC), a state business financial institution headquartered in Ohio, introduced at present that its Board of Administrators has declared a quarterly money dividend. Shareholders of document as of July 26, 2024, will obtain a dividend of $0.22 per share, which is scheduled to be paid on August 10, 2024.
This latest declaration follows the corporate’s ongoing apply of returning worth to its shareholders via common dividend funds. Ohio Valley Banc Corp. operates throughout the monetary sector and is topic to the regulatory oversight of the Securities and Trade Fee (SEC).
The announcement was made via a Kind 8-Ok submitting with the SEC, which serves as a present report detailing important occasions that shareholders and the funding group ought to pay attention to. The dividend declaration is a standard occasion for a lot of publicly traded firms, reflecting their monetary well being and dedication to offering shareholder worth.
Dividend funds are a method for firms to distribute a portion of their earnings to shareholders, and the quantity of the dividend may be an indicator of an organization’s efficiency and stability. Ohio Valley Banc Corp.’s determination to difficulty dividends could also be seen as an indication of confidence in its present monetary place and future prospects.
Traders and market watchers usually look to dividend bulletins as one side of an organization’s monetary image. Ohio Valley Banc Corp.’s disclosure, primarily based on the SEC submitting, offers clear and important info for these evaluating the corporate’s efficiency and funding potential.
You will need to be aware that the knowledge offered right here relies solely on the press launch assertion and doesn’t embody any speculative content material or subjective evaluation of the corporate’s market place or future efficiency. The main target stays strictly on the factual report of the dividend declaration as a big occasion for the corporate and its shareholders.
In different latest information, Ohio Valley Banc Corp., a banking company with operations throughout Ohio and West Virginia, has introduced a money dividend of $0.22 per frequent share. This dividend is slated for distribution on Might 10, 2024, to shareholders who’re on document by the shut of enterprise on April 26, 2024.
Tom Wiseman, OVBC Chairman of the Board, attributed the corporate’s skill to proceed its custom of rewarding shareholders to the devoted staff at Ohio Valley Banc Corp. This transfer is a part of the corporate’s common apply of offering returns to its shareholders, suggesting a secure monetary place. These are the newest developments for Ohio Valley Banc Corp., which operates 17 financial institution places of work and owns Mortgage Central, Inc., with six shopper finance places of work in Ohio.
The corporate’s dedication to its shareholders and group assist continues to be a cornerstone of its operations. Please be aware that this info relies on a press launch assertion from Ohio Valley Banc Corp.
InvestingPro Insights
Ohio Valley Banc Corp. (NASDAQ:OVBC) has demonstrated a constant shareholder return coverage, sustaining dividend funds for a powerful 31 consecutive years. This dedication is mirrored within the lately declared quarterly money dividend, marking a continuation of the corporate’s apply to distribute earnings to shareholders. Along with its dividend reliability, Ohio Valley Banc Corp. has been worthwhile during the last twelve months, which additional underlines the corporate’s monetary well being.
From a valuation standpoint, Ohio Valley Banc Corp. sports activities a P/E ratio of 9.01, which dipped barely to eight.74 when adjusted for the final twelve months as of Q1 2024. This may increasingly recommend a doubtlessly undervalued inventory given the corporate’s constant dividend historical past.
Furthermore, the corporate’s market capitalization stands at 100.67 million USD, with a notable dividend yield of 4.88% as of the newest information, providing a pretty earnings stream for traders. Lastly, the InvestingPro Truthful Worth estimate for OVBC is 25.41 USD, which suggests a possible upside from the earlier shut value of 21.1 USD.
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