Pathfinder Bancorp, Inc. Declares Dividend

Rhea-AI Summary

Pathfinder Bancorp, Inc. (NASDAQ: PBHC) has declared a cash dividend of $0.07 per share on common stock and a $0.07 cash dividend per notional share for warrants. The dividend is set to benefit shareholders of record by January 14, 2022 and will be distributed on February 4, 2022. Located in Oswego, New York, Pathfinder Bank operates ten full-service offices and is known for its insured deposits through the FDIC.

Positive

• Cash dividend of $0.07 per share boosts shareholder income.
• Dividend reflects company confidence in financial stability.

Negative

• None.

OSWEGO, N.Y., Dec. 20, 2021 (GLOBE NEWSWIRE) -- Thomas W. Schneider, President/CEO of Pathfinder Bancorp, Inc., the bank holding company of Pathfinder Bank (NASDAQ: PBHC) (listing: PathBcp), has announced that the Company has declared a cash dividend of $0.07 per share on the Company's voting common and non-voting common stock, and a cash dividend of $0.07 per notional share for the issued warrant relating to the fiscal quarter ending December 31^st, 2021. The dividend will be payable to all shareholders of record on January 14^th, 2022 and will be paid on February 4^th, 2022.  

About Pathfinder Bancorp, Inc.
Pathfinder Bank is a New York State chartered commercial bank headquartered in Oswego, whose deposits are insured by the Federal Deposit Insurance Corporation. The Bank is a wholly owned subsidiary of Pathfinder Bancorp, Inc., (NASDAQ SmallCap Market; symbol: PBHC, listing: PathBcp). The Bank has ten full service offices located in its market areas consisting of Oswego and Onondaga County and one limited purpose office in Oneida County.

This release may contain certain forward-looking statements, which are based on management's current expectations regarding economic, legislative, and regulatory issues that may impact the Company's earnings in future periods. Factors that could cause future results to vary materially from current management expectations include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, loan demand, real estate values, and competition; changes in accounting principles, policies, or guidelines; changes in legislation or regulation; and economic, competitive, governmental, regulatory, and technological factors affecting the Company's operations, pricing, products, and services.

CONTACT: Thomas W. Schneider, President & CEO, (315) 343-0057

FAQ

What is the dividend amount declared by Pathfinder Bancorp (PBHC)?

Pathfinder Bancorp has declared a cash dividend of $0.07 per share.

When is the record date for the dividend payment for PBHC?

The record date for the dividend payment is January 14, 2022.

When will the dividend be paid to shareholders of PBHC?

The dividend will be paid on February 4, 2022.

How often does Pathfinder Bancorp declare dividends?

The frequency of dividends is typically quarterly, as indicated by this declaration.