Ledyard Financial Group Declares Quarterly Dividend

Rhea-AI Summary

Ledyard Financial Group (LFGP) announced a quarterly dividend of $0.21 per share, payable on March 10, 2023, to shareholders of record by February 24, 2023. Headquartered in Hanover, New Hampshire, Ledyard Financial Group is the holding company for Ledyard National Bank, a community bank established in 1991, providing comprehensive banking, investment, and wealth management services. The bank’s shares trade on the OTC Markets under the symbol LFGP. The company remains subject to various risks and uncertainties that may impact future performance and financial results.

Positive

• Quarterly dividend of $0.21, enhancing shareholder income.

Negative

• Forward-looking statements indicate potential risks including competitive pressures, interest rate changes, and economic conditions.

HANOVER, N.H.--(BUSINESS WIRE)-- Ledyard Financial Group (Ticker Symbol: LFGP) announced a regular quarterly dividend of $0.21 payable March 10, 2023 to shareholders of record as of February 24, 2023.

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, Peteris Sprudzs at peter.sprudzs@ledyard.bank

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/20230127005318/en/

For further information contact:

Peteris Sprudzs, CFO

Peter.sprudzs@ledyard.bank

(603) 640-2743

Ticker Symbol: LFGP

Source: Ledyard Financial Group, Inc.

FAQ

What is the dividend amount for LFGP?

Ledyard Financial Group declared a quarterly dividend of $0.21 per share.

When will the LFGP dividend be paid?

The dividend will be paid on March 10, 2023.

When is the record date for LFGP's dividend?

The record date for the dividend is February 24, 2023.

What risks are associated with Ledyard Financial Group's future performance?

Risks include competitive pressure, interest rate environment changes, and economic conditions.