Pathfinder Bancorp, Inc. Declares Dividend

Rhea-AI Summary

Pathfinder Bancorp has declared a cash dividend of $0.07 per share on its common and preferred stock, along with a cash dividend of $0.07 per notional share for issued warrants for the fiscal quarter ending March 31, 2021. Shareholders of record on April 15, 2021, will receive the dividend on May 7, 2021. The bank operates ten full-service offices in Oswego and Onondaga County and is federally insured. This announcement underscores the bank's ongoing commitment to returning value to shareholders amidst competitive and regulatory challenges.

Positive

• Declaration of a cash dividend of $0.07 per share, indicating the company's ability to return value to shareholders.
• The dividend payment is scheduled for May 7, 2021, which offers short-term income to shareholders.

Negative

• None.

OSWEGO, N.Y., March 29, 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 common and preferred stock, and a cash dividend of $0.07 per notional share for the issued warrant relating to the fiscal quarter ending March 31^st, 2021. The dividend will be payable to all shareholders of record on April 15^th, 2021 and will be paid on May 7^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?

Pathfinder Bancorp has declared a cash dividend of $0.07 per share on its common and preferred stock.

When will the dividend be paid to shareholders?

The dividend will be paid on May 7, 2021, to shareholders of record as of April 15, 2021.

How often does Pathfinder Bancorp declare dividends?

The frequency of dividend declarations may vary; this particular dividend relates to the fiscal quarter ending March 31, 2021.

Is the dividend declared by Pathfinder Bancorp sustainable?

While the declaration indicates financial health, sustainability depends on future earnings, economic conditions, and regulatory factors.