Orange County Bancorp Inc OBT.NASDAQ Chart and Quote
OBT Today's High:
$24.2
OBT Shares One Week Perf:
0.92 %
OBT Today's Low:
$ 23.37
OBT Shares 30 Day Performance:
-10.1 %
Number of OBT Shares Traded (M):
18
OBT Share Price 52 Wk High:
$ 33.06
Value of OBT's Shares Traded (M$):
$ 431
OBT Share Price 52 Wk Avg:
$26.43
Share Price at the Open:
$23.74
OBT's Share Price 52 Wk Low:
$21.00
Orange County Bancorp Inc shares declined by -10.8 % during the preceding 30 days, this brings the year to date performance to -10.34%. Orange County Bancorp Inc shares trade only 15.2% above its 52 week low.
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MIDDLETOWN, N.Y., February 21, 2025 In a move that underscores its commitment to enhancing shareholder value, Orange County Bancorp, Inc. (Nasdaq: OBT), the parent company of Orange Bank and Trust Company and Hudson Valley Investment Advisors, Inc., has announced a cash dividend of $0.13 per share of its common stock. Scheduled for distribution on March 17, 2025, this dividend will be paid to shareholders of record as of March 4, 2025. The decision to declare a dividend may be viewed as a strategic initiative that seeks to reinforce investor confidence during a period of financial recalibration and organizational adjustment within the company. For shareholders, this cash dividend represents not only a direct financial return but also a psychological affirmation of the company?s stability and governance, especially in light of the previous announcement on January 29, 2025, regarding a strategic shift and internal unification efforts at Orange County Bancorp.The results of this strategic announcement were significant. It laid a foundation for navigating the evolving financial landscape and indicated a forward-looking approach to business operations aimed at positioning the organization favorably against competitors. Shareholders responding to such strategic moves may perceive the dividend declaration as a positive signal about the company s financial health and its ability to generate sustainable returns, despite the current share price standing at $25.43, which reflects a year-to-date performance decline of 1.74%.
MIDDLETOWN, N.Y. In a gesture that highlights both respect and strategic financial management, Orange County Bancorp, Inc. (Nasdaq: OBT), the parent company of Orange Bank and Trust Co. and Hudson Valley Investment Advisors, Inc., has adjusted the record date for its highly anticipated two-for-one forward stock split. Originally scheduled for Thursday, January 9, 2025, the record date has been moved to Wednesday, January 8, 2025. This adjustment follows the U.S. equity market s decision to close on January 9 to honor the life and legacy of former President Jimmy Carter, marking a National Day of Mourning.The determination to adjust the record date underscores Orange County Bancorp s commitment to both its shareholders and the respectful observance of significant national events. As the U.S. pauses to reflect on President Carter s contributions to the nation, Orange County Bancorp acts in accordance with market closings and shareholder interests. Shareholders looking forward to the stock split will still receive one additional share of common stock for each share held at the closure of markets on the new record date, January 8, 2025. These shares will be reflected post-market close on Friday, January 10, 2025, and adjusted trading will begin on Monday, January 13, 2025.
Orange County Bancorp Declares Two-for-One Forward Stock Split to Enhance Shareholder ValueMiddletown, N.Y., Dec. 26, 2024 In a strategic move aimed at bolstering shareholder value and attracting more investors, Orange County Bancorp, Inc. (Nasdaq: OBT), the parent company of Orange Bank and Trust Co. and Hudson Valley Investment Advisors, Inc., announced today a two-for-one forward stock split of its common stock. This decision, made by the Company?s Board of Directors, is set to take effect in January 2025.Under the terms of the stock split, for every share of common stock held as of the close of business on Thursday, January 9, 2025, stockholders will receive an additional share. This effectively doubles the number of shares each investor holds, although the overall value of their holdings remains unchanged in immediate terms. The split-adjusted trading will begin at the market opening on Monday, January 13, 2025.
In a signal of robust financial health and a commitment to shareholder returns, Orange County Bancorp, Inc. announced on November 22, 2024, a $0.02 increase in its cash dividend, bringing the total to $0.25 per share of common stock. This dividend, set to be paid on December 16, 2024, will benefit shareholders of record as of December 4, 2024, further enhancing the appeal of the company s stock as a stable investment option.Orange County Bancorp, the parent company of Orange Bank and Trust Company and Hudson Valley Investment Advisors, is making clear strides in its shareholder-friendly approach. With this latest increase, the company s dividend payout ratio stands at 29.11%, marking a sequential rise observed in the first quarter of 2023. This figure is significant as it represents the highest 12-month dividend payout ratio within the Financial sector, showcasing the company s strong performance relative to its peers.
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