Orange County Bancorp's last quarterly dividend of $0.23 per share was on Jun 4, 2024 (ex-date). At an annualized rate of $0.92 per share, the stock yields 1.46%.
OBT has a dividend yield of 1.46% which is below the Financial Services sector and the industry average. In comparison with its Financial Services sector average of 2.85%, Orange County Bancorp's dividend yield is 49% lower.
Orange County Bancorp has a history of paying dividends since 2021. Our records of OBT show that the company has issued four quarterly dividends in the last twelve months. The annualized DPS has grown by 3.4% since one year ago. However with the stock price up by 57% from a year ago, the dividend yield marks a decrease of 34%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Jun 4, 2024 | Jun 14, 2024 | May 16, 2024 | $0.23 | normal |
| Mar 1, 2024 | Mar 15, 2024 | Feb 15, 2024 | $0.23 | normal |
| Dec 1, 2023 | Dec 15, 2023 | Nov 16, 2023 | $0.23 | normal |
| Aug 31, 2023 | Sep 15, 2023 | Aug 17, 2023 | $0.23 | normal |
| Jun 1, 2023 | Jun 14, 2023 | May 18, 2023 | $0.23 | normal |
| Mar 2, 2023 | Mar 15, 2023 | Feb 17, 2023 | $0.23 | normal |
| Dec 1, 2022 | Dec 15, 2022 | Nov 17, 2022 | $0.23 | normal |
| Sep 1, 2022 | Sep 15, 2022 | Aug 18, 2022 | $0.2 | normal |
| Jun 1, 2022 | Jun 15, 2022 | May 20, 2022 | $0.2 | normal |
| Mar 1, 2022 | Mar 15, 2022 | Feb 18, 2022 | $0.2 | normal |
| Dec 2, 2021 | Dec 15, 2021 | Nov 19, 2021 | $0.2 | normal |
| Sep 2, 2021 | Sep 15, 2021 | Aug 20, 2021 | $0.2 | normal |
OBT has a payout ratio of 14.6% which is lower than the Financial Services sector and the industry average. If we compare it with the Financial Services sector average of 41.2%, Orange County Bancorp's payout ratio is 65% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| NKSH National Bankshares Inc | 4.78% | $1.51 | 66.8% |
| NRIM Northrim Bancorp Inc | 3.41% | $2.42 | 46.8% |
| OBT Orange County Bancorp Inc | 1.48% | $0.92 | 14.6% |
| NIC Nicolet Bankshares Inc. | 0.99% | $1.03 | 15.5% |
Yes, Orange County Bancorp has been paying dividends for the last three years.
OBT hasn't announced its next dividend date yet, however if we take into account its recent dividend frequency, it is likely that its next dividend will be in September 2024.
Orange County Bancorp's last regular dividend was on Jun 4, 2024 (ex-date) with the amount of $0.23 per share.
OBT's annualized dividend per share is $0.92.
The current dividend yield of Orange County Bancorp is 1.46%.
Orange County Bancorp pays four dividends per year.
The dividend payout ratio of Orange County Bancorp is 14.6%.
Orange County Bancorp's dividend yield is lower than the Financial Services sector average.