Fidelity D & D Bancorp, Inc. 10% Increase of Fourth Quarter 2021 Dividend

Rhea-AI Summary

The Board of Directors of Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) has declared a fourth quarter dividend of $0.33 per share, marking a 10% increase from the previous $0.30 dividend. This increase, the seventh consecutive year, reflects the company’s commitment to enhancing shareholder value while investing in profitable growth opportunities. The dividend is payable on December 10, 2021, to shareholders of record by November 19, 2021. The company operates 23 community banking offices across Lackawanna, Luzerne, and Northampton Counties.

Positive

• Dividend increased by 10% to $0.33 per share, demonstrating commitment to shareholder value.
• Seventh consecutive year of dividend increases, reflecting sustained growth and profitability.
• Successful integration of acquisitions contributing to improved revenue levels.

Negative

• None.

DUNMORE, Pa., Oct. 20, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC), parent company of The Fidelity Deposit and Discount Bank, announce their declaration of the Company’s fourth quarter dividend of $0.33 per share, a 10% increase above the prior quarterly cash dividend of $0.30 per share.

“We are very proud to announce a dividend increase for the seventh consecutive year. This cash dividend increase demonstrates the Board of Directors’ and the Fidelity Bankers’ commitment to sustainably increasing shareholder value, while continuing investment back into the Company in a meaningful way that drives profitable growth,” stated Daniel J. Santaniello, President and Chief Executive Officer.  “The improvement in revenue levels from growth along with the successful integration of both acquisitions lead to this prudent decision.”

The cash dividend of $0.33 per share is payable December 10, 2021 to shareholders of record at the close of business on November 19, 2021.

Fidelity D & D Bancorp, Inc. serves Lackawanna, Luzerne and Northampton Counties through The Fidelity Deposit and Discount Bank’s 23 full-service community banking offices, along with the Fidelity Bank Wealth Management Minersville Office in Schuylkill County. Fidelity Bank provides a digital and virtual experience via digital services and digital account opening through online banking and mobile app.

For more information visit our investor relations web site through www.bankatfidelity.com.

This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995.  Actual results and trends could differ materially from those set forth in such statements due to various factors.  These factors include the possibility that increased demand or prices for the company’s financial services and products may not occur, changing economic, interest rate and competitive conditions, technological developments and other risks and uncertainties, including those detailed in the company’s filings with the Securities and Exchange Commission.

Contacts:
	Daniel J. Santaniello	Salvatore R. DeFrancesco, Jr.
	President and Chief Executive Officer	Treasurer and Chief Financial Officer
	570-504-8035	570-504-8000

FAQ

What is the new dividend amount for Fidelity D & D Bancorp?

The new dividend amount is $0.33 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on December 10, 2021.

What was the previous dividend amount for FDBC?

The previous dividend amount was $0.30 per share.

How long has Fidelity D & D Bancorp been increasing its dividend?

Fidelity D & D Bancorp has increased its dividend for seven consecutive years.

What is the record date for the dividend payment?

The record date for the dividend payment is November 19, 2021.