Fidelity D & D Bancorp, Inc. First Quarter 2023 Dividend

Rhea-AI Summary

The Board of Directors of Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) declared a first-quarter dividend of $0.36 per share, marking a 9% increase from last year’s $0.33. This dividend is set for payment on March 10, 2023, to shareholders on record as of February 17, 2023. Fidelity D & D Bancorp operates through The Fidelity Deposit and Discount Bank, which has 21 community banking offices across several counties, and also offers digital banking services.

Positive

• Dividend increased by 9% to $0.36 per share, benefiting shareholders.

Negative

• Potential risks from changing economic conditions could impact financial services.

DUNMORE, Pa., Jan. 18, 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 2023 first quarter dividend of $0.36 per share, a 9% increase above the prior year’s first quarter dividend paid of $0.33 per share. The dividend is payable March 10, 2023 to shareholders of record at the close of business on February 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 website 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 amount declared by Fidelity D & D Bancorp for Q1 2023?

Fidelity D & D Bancorp declared a dividend of $0.36 per share for Q1 2023.

When is the dividend payable for Fidelity D & D Bancorp?

The dividend is payable on March 10, 2023.

What record date is set for the dividend payment of Fidelity D & D Bancorp?

The record date for the dividend payment is February 17, 2023.

How much was the previous dividend amount for Fidelity D & D Bancorp?

The previous dividend amount was $0.33 per share.

What counties does Fidelity D & D Bancorp serve?

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