#United States #Cash Dividend #Ohio Valley Bank #OVBC #Gallipolis

Ohio Valley Banc Corp. Announces Cash Dividend

On January 14, 2025, Ohio Valley Banc Corp. (Nasdaq: OVBC) made a significant announcement regarding its financial plans for 2025. The Board of Directors declared a cash dividend of $0.22 per common share. This dividend is payable to shareholders on February 10, 2025, for those who are registered as shareholders by the close of business on January 24, 2025.

Community First Mission

Tom Wiseman, Chairman of the Board at OVBC, expressed optimism about the upcoming year and the opportunities ahead. He highlighted the expertise of their banking team in navigating the evolving financial landscape, emphasizing their commitment to the `Community First` mission that drives the organization's ethos. This mission focuses on positively impacting the communities they serve, a principle that remains fundamental to OVBC's operations.

Wiseman noted, "Every new year brings fresh challenges and opportunities. We believe in our team's ability to leverage their knowledge and experience effectively. Our aim for 2025 is to continue supporting and enhancing the communities we are part of. We are grateful for the trust and support of our shareholders and customers, and we look forward to a successful year ahead."

Company Overview

Based in Gallipolis, Ohio, Ohio Valley Banc Corp. is the parent company of The Ohio Valley Bank Company, which operates 17 branches across Ohio and West Virginia. Additionally, the company oversees Loan Central, Inc., managing six consumer finance offices within Ohio. OVBC’s commitment to community service and its strategic initiatives have established it as a trusted institution within the financial services sector.

For those interested in learning more about Ohio Valley Banc Corp. and their offerings, further details can be found on their website at www.ovbc.com.

Importance of Dividends

Dividends play a crucial role for investors in assessing the stability and profitability of a company. They often indicate a company's commitment to returning profits to its shareholders, reflecting financial health and operational success. By declaring this cash dividend, OVBC demonstrates its confidence in sustained earnings and its dedication to rewarding shareholder loyalty.

Conclusion

Ohio Valley Banc Corp. continues to focus on its community-centered business model while providing tangible benefits to its investors. As the date for the dividend payment approaches, attention turns to the strategic moves the bank will undertake to build upon its mission of community support and financial strength. The decision to declare a cash dividend signals a positive outlook for both OVBC and its shareholders, underpinning the bank's growth trajectory and commitment to shared success. Interested stakeholders are encouraged to stay informed on developments as 2025 unfolds, which promises to be a defining year for Ohio Valley Banc Corp.