Pathfinder Bancorp, Inc. Declares Dividend

Rhea-AI Summary

Pathfinder Bancorp, Inc. (NASDAQ: PBHC) has announced a cash dividend of $0.06 per share on its common and preferred stock and $0.06 per notional share for the common stock warrant for the fiscal quarter ending December 31, 2020. The dividends are payable to shareholders of record on January 15, 2021, and will be disbursed on February 5, 2021. Pathfinder Bank operates in Oswego and Onondaga Counties, New York, providing comprehensive banking services. This announcement reflects the company's ongoing commitment to returning value to shareholders.

Positive

• Declared cash dividend of $0.06 per share, indicating shareholder value.
• Dividend payment date set for February 5, 2021, promoting investor confidence.

Negative

• None.

OSWEGO, N.Y., Dec. 21, 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 December 31^st, 2020. The dividend will be payable to all shareholders of record on January 15^th, 2021 and will be paid on February 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 (PBHC)?

Pathfinder Bancorp has declared a cash dividend of $0.06 per share.

When will the cash dividend for PBHC be paid?

The cash dividend will be paid on February 5, 2021.

Who is eligible for the dividend payment from PBHC?

Shareholders of record on January 15, 2021, are eligible for the dividend.

How often does Pathfinder Bancorp pay dividends?

The frequency of dividends has not been specified in this release, but this announcement indicates a quarterly dividend.