Ledyard Financial Group Declares Quarterly Dividend

Rhea-AI Summary

Ledyard Financial Group (LFGP) has declared a quarterly dividend of $0.21 per share, payable on September 9, 2022, to shareholders recorded as of August 26, 2022. Headquartered in Hanover, New Hampshire, Ledyard Financial Group serves as the holding company for Ledyard National Bank, which provides a variety of banking and wealth management services. The dividends reflect the company's commitment to returning value to shareholders, indicative of its operational stability amidst market challenges.

Positive

• Quarterly dividend of $0.21 shows commitment to shareholder returns.

Negative

• Potential risks from competitive pressure in the banking sector.
• Economic conditions may adversely affect performance and growth.

HANOVER, N.H.--(BUSINESS WIRE)-- Ledyard Financial Group (Ticker Symbol: LFGP) announced a regular quarterly dividend of $0.21 payable September 9, 2022 to shareholders of record as of August 26, 2022.

Ledyard Financial Group, Inc., headquartered in Hanover, New Hampshire, is the holding company for Ledyard National Bank. Ledyard National Bank, founded in 1991, is a full service community bank offering a broad range of banking, investment, and wealth management services.

Ledyard Financial Group, Inc. shares can be bought and sold through the NASD sanctioned “OTC Markets” under the trading symbol LFGP. Shares may be traded through an individual’s broker. For more information, please refer to the “Investor Relations” section of the bank’s website at www.ledyardbank.com or contact the bank’s Chief Financial Officer, Gregory D. Steverson. greg.steverson@ledyardbank.com

Forward-Looking Statements: Statements concerning future performance, developments or events, expectations for growth and income forecasts, and any other guidance on future periods constitute forward-looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from stated expectations. Specific factors include, but are not limited to, loan production, competitive pressure in the banking industry, balance sheet management, net interest margin variations, the effect of changes in equity prices on assets under management, the ability to control costs and expenses, changes in the interest rate environment, financial policies of the United States government, and general economic conditions. The Company disclaims any obligation to update any such factors.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220729005328/en/

For further information:

Greg Steverson, EVP & CFO

Greg.steverson@ledyardbank.com

(603) 640-2666

Source: Ledyard Financial Group, Inc.

FAQ

What is the dividend amount declared by LFGP?

LFGP has declared a quarterly dividend of $0.21 per share.

When is the dividend payment date for LFGP?

The dividend is payable on September 9, 2022.

What is the record date for LFGP's dividend?

The record date for the dividend is August 26, 2022.

How does LFGP plan to sustain its dividend payments?

While LFGP has declared a dividend, its sustainability may be influenced by economic conditions and competitive pressures.