Financial Institutions, Inc. Announces Quarterly Cash Dividend

Rhea-AI Summary

Financial Institutions, Inc. (NASDAQ:FISI) announced a quarterly cash dividend of $0.27 per common share, alongside preferred stock dividends of $0.75 for Series A and $2.12 for Series B-1. These dividends are payable on January 3, 2022, to shareholders of record as of December 17, 2021.

The company operates through its subsidiaries, offering diverse financial services across Western and Central New York State.

Positive

• Quarterly cash dividend of $0.27 per common share demonstrates a commitment to returning value to shareholders.
• Dividends on preferred stocks offer additional income opportunities for investors.

Negative

• None.

WARSAW, N.Y., Nov. 19, 2021 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ:FISI) (the “Company”), parent company of Five Star Bank, SDN Insurance Agency, LLC (“SDN”), Courier Capital, LLC (“Courier Capital”) and HNP Capital, LLC (“HNP Capital”), announced today that its Board of Directors has approved a quarterly cash dividend of $0.27 per outstanding common share. The Company also announced dividends of $0.75 per share on its Series A 3% preferred stock and $2.12 per share on its Series B-1 8.48% preferred stock. All dividends are payable January 3, 2022, to shareholders of record on December 17, 2021.

About Financial Institutions, Inc.

Financial Institutions, Inc. provides diversified financial services through its subsidiaries Five Star Bank, SDN, Courier Capital and HNP Capital. Five Star Bank provides a wide range of consumer and commercial banking and lending services to individuals, municipalities and businesses through a network of more than 45 offices throughout Western and Central New York State. SDN provides a broad range of insurance services to personal and business clients. Courier Capital and HNP Capital provide customized investment management, investment consulting and retirement plan services to individuals, businesses, institutions, foundations and retirement plans. Financial Institutions, Inc. and its subsidiaries employ approximately 600 individuals. The Company’s stock is listed on the Nasdaq Global Select Market under the symbol FISI. Additional information is available at www.fiiwarsaw.com.

For additional information contact:

Shelly J. Doran
(585) 627-1362
sjdoran@five-starbank.com

FAQ

What is the dividend amount for Financial Institutions, Inc. for Q4 2021?

The dividend amount for Q4 2021 is $0.27 per common share.

When will the dividends for Financial Institutions, Inc. be paid?

Dividends will be paid on January 3, 2022.

What is the record date for the dividend payment for FISI?

The record date for the dividend payment is December 17, 2021.

What are the preferred stock dividends declared by Financial Institutions, Inc.?

The dividends declared are $0.75 per share on Series A and $2.12 per share on Series B-1.