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Cortland Bancorp declares 14-cents-per-share dividend

CORTLAND — Cortland Bancorp, the holding company for Cortland Bank, announced a first-quarter cash dividend of 14 cents per share.

The dividend is payable June 1 to shareholders of record at the close of business on May 15.

At the recent stock price of $13.50 per share, the dividend equates to a yield of 4.1 percent on an annualized basis, according to the company.

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