DUNMORE, Pa., Oct. 19, 2022 (GLOBE NEWSWIRE) — The Board of Directors of Fidelity D&D Bancorp, Inc. FDBCthe parent company of The Fidelity Deposit and Discount Bank, announce the Company’s fourth quarter dividend of $0.36 per share, an increase of 9% from the previous quarterly cash dividend of $0.33 per share is equivalent to.
“We are very proud to announce a dividend increase for the eighth year in a row. This cash dividend increase demonstrates the commitment of the Board and Fidelity Bankers to sustainably increase shareholder value while continuing to invest in meaningful ways to drive profitable growth,” said Daniel J. Santaniello, President and Chief Executive Officer. “The improvement of revenue levels through growth combined with the successful integration of both acquisitions have led to this prudent decision.”
The cash dividend of $0.36 per share is payable on December 9, 2022 to shareholders of record at the close of business on November 18, 2022.
Fidelity D&D Bancorp, Inc. serves Lackawanna, Lucerne, Northampton and Lehigh Counties through Fidelity Deposit and Discount Bank’s 21 full-service community banking offices, along with the Fidelity Bank Wealth Management Minersville Office in Schuylkill County. Fidelity Bank offers a digital and virtual experience through digital services and digital account opening through online banking and the Fidelity Mobile Banking app.
For more information, visit our Investor Relations website at www.bankatfidelity.com.
| This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those projected in such statements due to a variety of factors. These factors include the absence of increased demand or prices for the Company’s financial services and products, changing economic, interest rate and competitive conditions, technological… |
