CLDB's Dividend Pay out Ratio	(Jun 30 2021) II. Quarter	(Mar 31 2021) I. Quarter	(Dec 31 2020) IV. Quarter	(Sep 30 2020) III. Quarter	(Jun 30 2020) II. Quarter
Earnings per Share	$ 0.48	$ 0.66	$ 0.67	$ 0.51	$ 0.47
Dividend	$ 0.15	$ 0.19	$ 0.14	$ 0.14	$ 0.14
Pay out Ratio	31.88 %	28.79 %	20.9 %	27.45 %	29.79 %

Dividend Pay out Ratio Comment

Cortland Bancorp Inc's Eps grew in II. Quarter by 2.13% compare to a year ago, while dividend increased to 0.15$, this led to improvement in dividend pay out ratio to 31.88%.

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Cortland Bancorp Inc's

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