Pathfinder Bancorp, Inc. Declares Dividend

Rhea-AI Summary

Pathfinder Bancorp has declared a cash dividend of $0.06 per share on its common and preferred stock for the fiscal quarter ending June 30, 2020. The same amount will also be issued per notional share for the common stock warrant. Shareholders of record by July 17, 2020 will receive the dividend on August 14, 2020. Pathfinder Bank operates ten full-service offices in New York State, with deposits insured by the FDIC, ensuring safety for its customers.

Positive

• Dividend declaration signaling confidence in financial stability.
• Cash dividend of $0.06 per share supports shareholder income.

Negative

• Potential economic and regulatory risks that could impact future earnings.
• Dependence on general economic conditions and interest rate fluctuations.

OSWEGO, New York, June 30, 2020 (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 $0.06 per share on the Company's common and preferred stock, and a cash dividend of $0.06 per notional share for the issued common stock warrant relating to the fiscal quarter ending June 30^th, 2020. The dividend will be payable to all shareholders of record on July 17^th, 2020 and will be paid on August 14^th, 2020.

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 for PBHC announced on June 30, 2020?

The announced dividend amount for PBHC is $0.06 per share.

When is the dividend payable to PBHC shareholders?

The dividend will be payable on August 14, 2020.

What is the record date for the PBHC dividend?

The record date for the PBHC dividend is July 17, 2020.

How often does Pathfinder Bancorp pay dividends?

Pathfinder Bancorp typically pays dividends quarterly.

Is the dividend for PBHC sustainable?

The sustainability of the PBHC dividend may be affected by economic and regulatory factors.