Ohio Valley Banc Corp. Increases Dividend Amid Economic Challenges
Ohio Valley Banc Corp. Declares Cash Dividend
The Board of Directors at Ohio Valley Banc Corp. has announced a cash dividend of $0.23 per common share. This dividend is set to be paid on a specified date to shareholders of record. This decision comes at a time when many companies are reevaluating their financial strategies in light of various challenges in the economic landscape.
Commitment to Shareholders
In a recent statement, Tom Wiseman, Chairman of the Board, expressed gratitude toward their shareholders. He emphasized the importance of maintaining stability for those who have shown enduring loyalty to the company. "Despite the economic uncertainty that looms, we strive to provide the reliability that our shareholders expect and deserve. The confidence they place in us, combined with our dedicated team, empowers us to sustain our operations and enhance our dividend," he stated.
Economic backdrop and company resilience
The current economic climate, characterized by unpredictability, poses challenges for many institutions. However, Ohio Valley Banc Corp. positions itself to navigate these issues effectively. The leadership remains focused on their core mission: to support their customers and shareholders. This approach is not about simply weathering the storm but thriving amidst it.
Company Overview
Ohio Valley Banc Corp. is a prominent institution that operates The Ohio Valley Bank Company, which has 17 branches across locations. Additionally, the company runs Loan Central, Inc., offering consumer finance services at six locations. Their footprint in Ohio and West Virginia illustrates their commitment to serving communities in these regions effectively.
Looking Ahead
As Ohio Valley Banc Corp. continues to prioritize shareholder interests, the company also emphasizes customer service. The leadership is dedicated to ensuring that their financial offerings remain robust and beneficial in a fluctuating market. Moving forward, they aim to adapt their strategies to meet both challenges and opportunities head-on.
Understanding the Dividend Process
For many shareholders, dividends represent a significant return on investment. The scheduled distribution is typically a reflection of a company’s profitability and commitment to rewarding its investors. Each dividend announcement is met with interest as it signals the company's financial health and future direction.
Contact Information
The company remains approachable for inquiries regarding their services and operations. Those interested can reach out directly for more information. Reach out to Scott Shockey or Bryna Butler at the main office, where they can assist with any questions related to the company’s offerings and performance.
Frequently Asked Questions
What is the declared cash dividend amount by Ohio Valley Banc Corp.?
The declared cash dividend amount is $0.23 per common share.
When is the dividend payable?
The dividend is payable on a specified date to shareholders listed on the record.
Who is the Chairman of the Board at Ohio Valley Banc Corp.?
The Chairman of the Board is Tom Wiseman.
What services does Ohio Valley Banc Corp. provide?
Ohio Valley Banc Corp. provides banking services through The Ohio Valley Bank Company and consumer finance services through Loan Central, Inc.
How can I contact Ohio Valley Banc Corp.?
You can contact Scott Shockey or Bryna Butler at 740-446-2631 or 1-800-468-6682 for more information.
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