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

Rhea-AI Summary

The Board of Directors of Fidelity D & D Bancorp has declared a second quarter dividend of $0.36 per share, payable on June 9, 2023 to shareholders on record as of May 19, 2023. This announcement underscores the company's ongoing commitment to returning value to its shareholders. Fidelity D & D Bancorp, operating through The Fidelity Deposit and Discount Bank, offers comprehensive banking services across several counties in Pennsylvania, including digital services through its Online Banking and Mobile Banking app. The firm continues to adapt to changing market conditions, as noted in their mention of potential risks impacting future results.

Positive

• Declared a dividend of $0.36 per share, indicating strong financial health.
• Demonstrates commitment to returning value to shareholders.

Negative

• Risks related to economic conditions, interest rates, and competition could impact future performance.

DUNMORE, Pa., April 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 second quarter dividend of $0.36 per share. The dividend is payable June 9, 2023 to shareholders of record at the close of business on May 19, 2023.

Fidelity D & D Bancorp, Inc. serves Lackawanna, Luzerne, Northampton and Lehigh Counties through The Fidelity Deposit and Discount Bank’s 20 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 amount for Fidelity D & D Bancorp in Q2 2023?

The dividend amount is $0.36 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on June 9, 2023.

What is the record date for the dividend payment?

The record date for the dividend payment is May 19, 2023.

How does Fidelity D & D Bancorp distribute its banking services?

Fidelity D & D Bancorp operates through The Fidelity Deposit and Discount Bank, providing services in areas like Lackawanna and Luzerne Counties.

What are the potential risks mentioned by Fidelity D & D Bancorp?

The risks include changing economic conditions, interest rates, and competitive pressures.