Pathfinder Bancorp, Inc. Declares Dividend

Rhea-AI Summary

Pathfinder Bancorp, Inc. has declared a cash dividend of $0.09 per share on its voting and non-voting common stock, as well as on issued warrants. This dividend pertains to the fiscal quarter ending March 31, 2023, with record shareholders receiving payment on May 19, 2023. The announcement was made by President and CEO James A. Dowd, emphasizing the bank's commitment to delivering shareholder value.

Pathfinder Bank, headquartered in Oswego, New York, operates ten full-service offices and is a wholly-owned subsidiary of Pathfinder Bancorp, Inc. Its deposits are federally insured.

Positive

• Declared a cash dividend of $0.09 per share, enhancing shareholder returns.
• Dividend payment reflects company confidence in stability and profitability.

Negative

• None.

OSWEGO, N.Y., April 03, 2023 (GLOBE NEWSWIRE) -- James A. Dowd, President and 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 $0.09 per share on the Company's voting common and non-voting common stock, and a cash dividend of $0.09 per notional share for the issued warrant relating to the fiscal quarter ending March 31, 2023. The first quarter 2023 dividend will be payable to all shareholders of record on April 24, 2023 and will be paid on May 19, 2023.

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: James A. Dowd, President and CEO, (315) 343-0057

FAQ

What is the dividend amount for PBHC?

The dividend amount for PBHC is $0.09 per share.

When will the PBHC dividend be paid?

The PBHC dividend will be paid on May 19, 2023.

Who are eligible for the PBHC dividend?

All shareholders of record on April 24, 2023, are eligible for the PBHC dividend.

Is the PBHC dividend sustainable?

The sustainability of the PBHC dividend is subject to the company's future earnings and economic conditions.