Cortland Bancorp announced that its Board of Directors approved a quarterly cash dividend of $0.11 per share. The dividend will be payable on March 1, 2019, to shareholders of record as of the close of business on February 11, 2019. In addition to the quarterly dividend, the Board declared a special dividend for $0.05 per share, also payable March 1, 2019, to shareholders of record on February 11, 2019.