Fidelity D & D Bancorp, Inc. Second Quarter 2020 Dividend

Rhea-AI Summary

The Board of Directors of Fidelity D & D Bancorp (NASDAQ: FDBC) has declared a second quarter dividend of $0.28 per share, payable on June 10, 2020, to shareholders of record as of May 20, 2020. This announcement highlights the bank's commitment to returning value to its shareholders amidst its operations across Lackawanna, Luzerne, and Northampton Counties.

Positive

• Declaration of $0.28 per share dividend for Q2 2020.
• Demonstrates commitment to shareholder returns.

Negative

• Potential risks associated with market conditions affecting financial services demand.

DUNMORE, Pa., May 07, 2020 (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 second quarter dividend of $0.28 per share. The dividend is payable June 10, 2020 to shareholders of record at the close of business on May 20, 2020.

Fidelity D & D Bancorp, Inc. serves Lackawanna, Luzerne and Northampton Counties through The Fidelity Deposit and Discount Bank’s 21 community banking offices.

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

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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.

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47%; width:47%; min-width:47%;">Contacts:	53%; width:53%; min-width:53%;">
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 Q2 2020?

The declared dividend amount is $0.28 per share.

When will the dividend be paid to shareholders?

The dividend will be payable on June 10, 2020.

Who are the shareholders of record for the dividend?

Shareholders of record at the close of business on May 20, 2020 will receive the dividend.

How does the dividend declaration impact FDBC stock?

The dividend declaration signifies financial health and commitment to shareholders, potentially positively influencing FDBC stock.