City Holding Company (CHCO) will raise its quarterly dividend by 15.2 percent to $0.53 per share in the fourth quarter of 2018.

This marks the 7th consecutive year of annual dividend increases by the financial company.

The next dividend is payable on October 31, 2018 to shareholders of record as of October 15, 2018. The new annual dividend of $2.12 per share yields 2.8% at a stock price of $76.80.

“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 $2.12 on an annualized basis is based on the Company's current strong capital and liquidity position, our outstanding financial performance during 2018, and our confidence in the Company's ability to sustain this p

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.