Apr 22, 2021
CORTLAND Cortland Bancorp, holding company for Cortland Bank, has announced a quarterly cash dividend of 15 cents per share.
The dividend will be payable June 1 to shareholders of record at the close of business on May 17.
James Gasior, president and CEO, said the dividend is an increase of 7 percent due to solid earnings performance.
At the recent stock price of $22.62 per share, the dividend equates to a yield of 2.7 percent on an annualized basis, Gasior said.
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