Pathfinder Bancorp, Inc. Declares Dividend

Rhea-AI Summary

Pathfinder Bancorp has announced a cash dividend of $0.07 per share on both voting and non-voting common stock, alongside $0.07 per notional share for issued warrants for the fiscal quarter ending June 30, 2021. Shareholders of record as of July 16, 2021, will receive the payment on August 13, 2021. The bank operates ten full-service offices in Oswego and Onondaga County, and its deposits are FDIC insured.

Positive

• Dividend of $0.07 per share reflects company confidence.
• Regular dividend payments may attract income-focused investors.

Negative

• Potential economic factors may impact future earnings.
• Competition could affect the bank's operations and profitability.

OSWEGO, N.Y., June 28, 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 June 30^th, 2021. The dividend will be payable to all shareholders of record on July 16^th, 2021 and will be paid on August 13^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 for PBHC for the fiscal quarter ending June 30, 2021?

The dividend amount for PBHC is $0.07 per share.

When will the PBHC dividend be paid?

The PBHC dividend will be payable on August 13, 2021.

What is the record date for the PBHC dividend?

The record date for the PBHC dividend is July 16, 2021.

What factors could affect PBHC's future earnings?

Economic conditions, interest rate changes, and competition may impact PBHC's future earnings.