Financial Institutions, Inc. Announces Quarterly Cash Dividend

Rhea-AI Summary

Financial Institutions, Inc. (NASDAQ:FISI) has announced a quarterly cash dividend of $0.27 per common share, alongside $0.75 and $2.12 dividends on Series A and B-1 preferred stocks, respectively. All dividends will be payable on July 2, 2021 to shareholders on record by June 18, 2021. The company, which owns Five Star Bank, SDN Insurance, Courier Capital, and HNP Capital, provides diversified financial services across Western and Central New York State, employing approximately 600 individuals.

Positive

• Quarterly cash dividend of $0.27 per common share enhances shareholder return.
• Dividends on preferred stocks ($0.75 for Series A and $2.12 for Series B-1) demonstrate financial strength.

Negative

• None.

WARSAW, N.Y., May 26, 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 July 2, 2021, to shareholders of record on June 18, 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. (FISI) announced in May 2021?

The announced dividend is $0.27 per common share.

When will the dividends for FISI be paid?

Dividends will be payable on July 2, 2021.

What is the record date for the dividends of Financial Institutions, Inc.?

The record date for the dividends is June 18, 2021.

How much are the preferred stock dividends for FISI?

The preferred stock dividends are $0.75 for Series A and $2.12 for Series B-1.