-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Lu9R94QCpflAJF4nwxwNDRe5Mb2Cy7WZHezZzwVahp7LX4cF/SV1fQHAIz/g40cy lGlap2VrW4DMLfgTqM0kHw== 0001181431-06-020444.txt : 20060329 0001181431-06-020444.hdr.sgml : 20060329 20060329143434 ACCESSION NUMBER: 0001181431-06-020444 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060329 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060329 DATE AS OF CHANGE: 20060329 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CITY HOLDING CO CENTRAL INDEX KEY: 0000726854 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 550619957 STATE OF INCORPORATION: WV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-11733 FILM NUMBER: 06718201 BUSINESS ADDRESS: STREET 1: 25 GATEWATER ROAD STREET 2: P O BOX 7520 CITY: CHARLESTON STATE: WV ZIP: 25313 BUSINESS PHONE: 3047691100 MAIL ADDRESS: STREET 1: 25 GATEWATER ROAD STREET 2: P O BOX 7520 CITY: CHARLESTON STATE: WV ZIP: 25313 8-K 1 rrd112688.htm FORM 8-K, DIVIDEND INCREASE Prepared By R.R. Donnelley Financial -- Form 8-K
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
Form 8-K
 
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported):  03/29/2006
 
CITY HOLDING CO
(Exact name of registrant as specified in its charter)
 
Commission File Number:  0-17733
 
West Virginia
  
55-0619957
(State or other jurisdiction of
  
(IRS Employer
incorporation)
  
Identification No.)
 
25 Gatewater Road, Cross Lanes, WV 25313
(Address of principal executive offices, including zip code)
 
304-769-1100
(Registrant’s telephone number, including area code)
 
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[  ]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 

Information to be included in the report

 
Item 8.01.    Other Events
 
On March 29, 2006, City Holding Company ("the Company") issued a news release, attached as Exhibit 99, announcing the declaration of a $0.28 per common share cash dividend for shareholders of record as of April 15, 2006, payable on April 30, 2006. The dividend represents a 12% increase from the $0.25 per share cash dividend paid in the first quarter of 2006 and follows a 13.6% increase in the cash dividend, from $0.22 per common share to $0.25 per common share, approved by the board in March 2005. Furnished as Exhibit 99 and incorporated herein by reference is the news release issued by the Company announcing its increase in dividends payable to common shareholders.
 
 
Item 9.01.    Financial Statements and Exhibits
 
(c) Exhibits

        

99.1        News Release issued March 29, 2006
 

 

Signature(s)
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
      
 
CITY HOLDING CO
 
 
Date: March 29, 2006
     
By:
 
/s/    David L. Bumgarner
               
David L. Bumgarner
               
Chief Financial Officer
 
 

 

Exhibit Index
 
Exhibit No.
  
Description
EX-99.
  
Press Release, Dividend Increase
EX-99. 2 rrd112688_12702.htm PRESS RELEASE, DIVIDEND INCREASE Charleston, West Virginia -- City Holding Company (NASDAQ:CHCO), a $2

 

 

NEWS RELEASE

For Immediate Release

March 29, 2006

For Further Information Contact:

David Bumgarner, Chief Financial Officer

(304) 769-1169

City Holding Company Increases Dividend

On Common Shares by 12%

Charleston, West Virginia -- City Holding Company, "the Company" (NASDAQ: CHCO), a $2.5 billion bank holding company headquartered in Charleston, today declared a dividend of 28 cents per common share for shareholders of record as of April 15, 2006. The dividend is payable on April 30, 2006. The dividend represents a 12% increase from the 25 cents per share cash dividend paid in the first quarter of 2006 and follows a 13.6% increase in the cash dividend, from 22 cents per common share to 25 cents, approved by the board in March 2005.

"I am very pleased with the Board's decision to once again increase the quarterly cash dividend" stated Charles R. Hageboeck, President and CEO. "This increase reaffirms the Company's commitment of returning value to its stockholders. The decision to increase the dividend to $1.12 on an annualized basis is based on the Company's current strong capital and liquidity position, our outstanding financial performance during 2005, and our confidence in the Company's ability to sustain this performance. This is the third consecutive year the Board has authorized a double digit increase in our dividend, and brings the dividend yield to approximately 3.0% based on our recent stock price."

City Holding Company is the parent company of City National Bank of West Virginia. City National operates 67 branches across West Virginia, Eastern Kentucky and Southern Ohio.

Forward-Looking Information

This news release contains certain forward-looking statements that are included pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Such information involves risks and uncertainties that could result in the Company's actual results to differ from those projected in the forward-looking statements. Important factors that could cause actual results to differ materially from those discussed in such forward-looking statements include, but are not limited to, (1) the Company may incur additional loan loss provision due to negative credit quality trends in the future that may lead to a deterioration of asset quality; (2) the Company may incur increased charge-offs in the future; (3) the Company may experience increases in the default rates on previously securitized loans that would result in impairment losses or lower the yield on such loans; (4) the Company may continue to benefit from strong recovery efforts on previously securitized loans resulting in impro ved yields on this asset; (5) the Company could have adverse legal actions of a material nature; (6) the Company may face competitive loss of customers; (7) the Company may be unable to manage its expense levels; (8) the Company may have difficulty retaining key employees; (9) changes in the interest rate environment may have results on the Company's operations materially different from those anticipated by the Company's market risk management functions; (10) changes in general economic conditions and increased competition could adversely affect the Company's operating results; (11) changes in other regulations and government policies affecting bank holding companies and their subsidiaries, including changes in monetary policies, could negatively impact the Company's operating results; and (12) the Company may experience difficulties growing loan and deposit balances.  Forward-looking statements made herein reflect management's expectations as of the date such statements are made. Such information is p rovided to assist stockholders and potential investors in understanding current and anticipated financial operations of the Company and is included pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances that arise after the date such statements are made.

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