Fidelity D & D Bancorp, Inc. Announces Nineth Consecutive Year Increase with 6% Increase of Fourth Quarter 2023 Dividend

Rhea-AI Summary

Fidelity D&D Bancorp, Inc. announces a 6% increase in the fourth quarter dividend

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• Fidelity D&D Bancorp, Inc. has declared a fourth quarter dividend of $0.38 per share, which is a 6% increase from the previous quarter's dividend of $0.36 per share.

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• None.

DUNMORE, Pa., Oct. 19, 2023 (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 $0.38 per share, a 6% increase above the prior quarterly cash dividend of $0.36 per share.

“On behalf of the Board of Directors and all Fidelity Bankers, I am proud to announce a dividend increase for the ninth consecutive year. We remain committed to sustainably increasing shareholder value and continuing to make meaningful investments back into the Company, positioning it for future growth,” said Daniel J. Santaniello, President & Chief Executive Officer. “We are grateful for the support of our shareholders, our Bankers, clients, the community.”

The cash dividend of $0.38 per share is payable December 8, 2023 to shareholders of record at the close of business on November 17, 2023.

Fidelity D & D Bancorp, Inc. serves Lackawanna, Luzerne, Northampton and Lehigh Counties through The 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 provides a digital and virtual experience via digital services and digital account opening through Online Banking and the Fidelity Mobile Banking 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 dividend declared by Fidelity D&D Bancorp, Inc. for the fourth quarter?

Fidelity D&D Bancorp, Inc. has declared a dividend of $0.38 per share for the fourth quarter.

How does the fourth quarter dividend compare to the previous quarter?

The fourth quarter dividend of $0.38 per share is a 6% increase from the previous quarter's dividend of $0.36 per share.

When will the dividend be payable?

The dividend will be payable on December 8, 2023.

Who is eligible to receive the dividend?

Shareholders of record at the close of business on November 17, 2023, will be eligible to receive the dividend.

What regions does Fidelity D&D Bancorp, Inc. serve?

Fidelity D&D Bancorp, Inc. serves Lackawanna, Luzerne, Northampton, and Lehigh Counties.

What digital services does Fidelity D&D Bancorp, Inc. provide?

Fidelity D&D Bancorp, Inc. provides a digital and virtual experience through digital services and digital account opening via Online Banking and the Fidelity Mobile Banking app.