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Cortland Bancorp declares special dividend, ups quarterly dividend

Cortland Bancorp's board approved a special cash dividend of 5 cents per share.

In addition, the board of the Cortland, Ohio-based company declared a quarterly cash dividend of 14 cents per share, up from the previous payout of 12 cents per share.

The dividends will be paid March 2 to shareholders of record as of the close of business Feb. 10.