City Holding Company (CHCO) hikes dividend by 14.9%
City Holding Company (CHCO) announced a 14.9% dividend increase to $1.00 per share quarterly on September 30, 2026. The latest hike marks the bank's 15th consecutive year of dividend growth and its fourth straight year of double-digit increases.
The new quarterly dividend brings City Holding's annualized payout to $4.00 per share. At a share price of $141.39, CHCO offers a dividend yield of approximately 2.8%. The ex-dividend date is October 15, 2026.
City Holding has now delivered four consecutive years of double-digit dividend growth. The latest 14.9% increase follows hikes of 10.1% in 2025, 10.5% in 2024 and 10.0% in 2023. The 2026 increase is also the company's largest dividend hike in the past seven years.
Dividend growth has accelerated compared with earlier years, when City Holding raised its payout by 8.3% in 2022, 3.4% in 2021 and 1.8% in 2020. The latest announcement extends the bank's uninterrupted dividend growth record to 15 years.
With the quarterly payout reaching $1.00 per share, City Holding's annual dividend payments now amount to approximately $56 million. Meanwhile, CHCO shares have gained 21% year-to-date, bringing the stock price to $141.39.
City Holding Company is a financial holding company headquartered in Charleston, West Virginia. Through its subsidiary City National Bank, it provides commercial and retail banking services across West Virginia and neighboring states.
Disclaimer: The information provided here is for informational purposes only and should not be considered financial advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions.