City Holding Company (CHCO) will raise its quarterly dividend by 4.5 percent to $0.46 per share. The next dividend is payable on January 31, 2018 to shareholders of record on January 15, 2018.

“I am very pleased with the Board’s decision to once again increase the quarterly cash dividend,” stated Charles (Skip) Hageboeck, President and CEO. “This increase reaffirms the Company’s commitment of returning value to its shareholders. The decision to increase the dividend to $1.84 on an annualized basis is based on the Company’s current strong capital and liquidity position, our outstanding financial performance during 2017, and our confidence in the Company’s ability to sustain this performance.”

City Holding Company is the parent company of City National Bank of West Virginia. City National operates branches across West Virginia, Virginia, Kentucky, and Ohio. City National offers various products and services, including commercial banking, consumer banking, mortgage banking, and wealth management and trust services.