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Financial Institutions, Inc. Announces Quarterly Cash Dividend
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
Financial Institutions, Inc. (NASDAQ: FISI) Announces Quarterly Dividends, Payable January 2, 2024
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WARSAW, N.Y., Nov. 15, 2023 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ: FISI) (the “Company”), parent company of Five Star Bank, SDN Insurance Agency, LLC, and Courier Capital, LLC, announced today that its Board of Directors has approved a quarterly cash dividend of $0.30 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 2, 2024, to shareholders of record on December 14, 2023.
About Financial Institutions, Inc. Financial Institutions, Inc. (NASDAQ: FISI) is an innovative financial holding company with approximately $6.1 billion in assets offering banking, insurance and wealth management products and services through a network of subsidiaries. Its Five Star Bank subsidiary provides consumer and commercial banking and lending services to individuals, municipalities and businesses throughout Western and Central New York and its Mid-Atlantic commercial loan production office serves the Baltimore and Washington, D.C. region. SDN Insurance Agency, LLC provides a broad range of insurance services to personal and business clients, while Courier Capital, LLC offers customized investment management, financial planning and consulting services to individuals and families, businesses, institutions, non-profits and retirement plans. Learn more at five-starbank.com and FISI-investors.com.
For additional information contact: Kate Croft Director of Investor and External Relations (716) 817-5159 klcroft@five-starbank.com
FAQ
What is the approved quarterly cash dividend for Financial Institutions, Inc. (NASDAQ: FISI)?
The approved quarterly cash dividend for Financial Institutions, Inc. (NASDAQ: FISI) is $0.30 per outstanding common share.
When are the dividends payable?
The dividends are payable on January 2, 2024.
Who are the shareholders of record for the dividends?
The shareholders of record for the dividends are those holding shares on December 14, 2023.
