Why City Holding (CHCO) is a Great Dividend Stock Right Now

City Holding Company (CHCO), a Charleston-based bank holding company, is presented as a strong dividend investment with a 2.42% yield, outperforming its industry average of 1.86%. The company has increased its annualized dividend to $3.48, up 7.4% year-over-year, with a solid 38% payout ratio and projected earnings growth of 4.03% for 2026. Currently rated as a Zacks Rank #3 (Hold), CHCO offers consistent cash flow for income investors.