Pathfinder Bancorp, Inc. Declares Dividend

Rhea-AI Summary

Pathfinder Bancorp has declared a cash dividend of $0.09 per share on common and non-voting stock for Q1 2022, marking a 28.6% increase from the previous quarter's dividend. The dividend will be payable to shareholders of record on April 22, 2022, and distributed on May 6, 2022. This reflects the company's commitment to returning value to shareholders amid a stable operational framework, as it continues its services through its ten full-service branches in central New York.

Positive

• Dividend increase of $0.02 per share, or 28.6%, compared to the previous quarter.
• Commitment to shareholder returns through consistent dividend payments.

Negative

• None.

OSWEGO, N.Y., March 28, 2022 (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 $0.09 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, 2022. The dividend represents an increase of $0.02 per share, or 28.6% over the dividend declared for the quarter ended December 31, 2021. The first quarter 2022 dividend will be payable to all shareholders of record on April 22, 2022 and will be paid on May 6, 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 for Q1 2022?

The declared dividend amount is $0.09 per share.

When will the Q1 2022 dividend be paid to shareholders of Pathfinder Bancorp?

The dividend will be paid on May 6, 2022.

Who qualifies for the Q1 2022 dividend payment from Pathfinder Bancorp?

Shareholders of record on April 22, 2022, will qualify for the dividend payment.

How does the current dividend compare to the previous quarter?

The current dividend represents a 28.6% increase over the dividend declared for the quarter ended December 31, 2021.