Pathfinder Bancorp, Inc. Declares Dividend

Rhea-AI Summary

Pathfinder Bancorp, Inc. (NASDAQ: PBHC) has declared a cash dividend of $0.07 per share on its common stock for the fiscal quarter ending September 30, 2021. The dividend will also apply to notional shares for issued warrants. Shareholders of record by October 15, 2021 will receive the dividend on November 5, 2021. Pathfinder Bank, headquartered in Oswego, NY, operates multiple branches in the region and is federally insured. This announcement reflects the company's ongoing commitment to returning value to its shareholders.

Positive

• Dividend yield of $0.07 per share demonstrates financial stability.
• Dividend payment reinforces confidence in the company's ongoing profitability.

Negative

• Potential risks include economic fluctuations affecting earnings.
• Dependence on local market conditions may impact financial performance.

OSWEGO, N.Y., Sept. 27, 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 September 30^th, 2021. The dividend will be payable to all shareholders of record on October 15^th, 2021 and will be paid on November 5^th, 2021.

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 Q3 2021?

The declared dividend amount is $0.07 per share.

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

The dividend will be paid on November 5, 2021.

Who is eligible to receive the dividend from Pathfinder Bancorp?

Shareholders of record as of October 15, 2021, are eligible to receive the dividend.

Is the dividend from Pathfinder Bancorp sustainable?

While the current dividend shows financial stability, future sustainability depends on economic conditions and company performance.