Fidelity D & D Bancorp, Inc. Third Quarter 2022 Dividend

Rhea-AI Summary

The Board of Directors of Fidelity D & D Bancorp (NASDAQ: FDBC) announced a third quarter dividend of $0.33 per share, payable on September 9, 2022, to shareholders of record by August 19, 2022.

Fidelity D & D Bancorp operates through The Fidelity Deposit and Discount Bank across Lackawanna, Luzerne, and Northampton Counties, providing community banking services and a digital banking experience.

Positive

• Dividend declaration of $0.33 per share, indicating strong cash flow and commitment to returning value to shareholders.

Negative

• Forward-looking statements in the release highlight potential risks, including changes in economic conditions and competitive landscape.

DUNMORE, Pa., July 22, 2022 (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 third quarter dividend of $0.33 per share. The dividend is payable September 9, 2022 to shareholders of record at the close of business on August 19, 2022.

Fidelity D & D Bancorp, Inc. serves Lackawanna, Luzerne and Northampton Counties through The Fidelity Deposit and Discount Bank’s 22 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 President and Chief Executive Officer 570-504-8035		Salvatore R. DeFrancesco, Jr. Treasurer and Chief Financial Officer 570-504-8000

FAQ

What is the dividend amount declared by Fidelity D & D Bancorp?

Fidelity D & D Bancorp declared a dividend of $0.33 per share.

When will the dividend be paid to shareholders?

The dividend is payable on September 9, 2022.

What are the record dates for the dividend?

Shareholders must be on record by August 19, 2022, to receive the dividend.

How does the company's dividend impact shareholders?

The dividend indicates the company's strong cash flow and commitment to providing returns to its shareholders.

What risks did Fidelity D & D Bancorp mention in the press release?

The press release outlined risks related to changing economic conditions and competition.