Pathfinder Bancorp, Inc. Declares Dividend

Rhea-AI Summary

Pathfinder Bancorp, Inc. (NASDAQ: PBHC) has declared a quarterly cash dividend of $0.09 per share for both voting and non-voting common stock, as well as a $0.09 per notional share for issued warrants. This dividend, related to the fiscal quarter ending December 31, 2022, is set to benefit shareholders of record by January 17, 2023, with payment scheduled for February 10, 2023. Pathfinder Bank, a subsidiary of Pathfinder Bancorp, is a New York-chartered bank with multiple full-service offices in Oswego and Onondaga Counties.

Positive

• Quarterly dividend of $0.09 per share provides income to shareholders.
• Demonstrates company confidence in sustaining shareholder returns.

Negative

• None.

OSWEGO, New York, Dec. 27, 2022 (GLOBE NEWSWIRE) -- James A. Dowd, President and 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 December 31, 2022. The fourth quarter 2022 dividend will be payable to all shareholders of record on January 17, 2023 and will be paid on February 10, 2023.

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 eleven 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: James A. Dowd, President and CEO, (315) 343-0057

FAQ

What is the dividend amount declared by Pathfinder Bancorp (PBHC)?

The dividend amount declared is $0.09 per share.

When will the dividend for Pathfinder Bancorp (PBHC) be paid?

The dividend will be paid on February 10, 2023.

Who qualifies for the dividend from Pathfinder Bancorp (PBHC)?

All shareholders of record on January 17, 2023, will qualify for the dividend.

Is the dividend from Pathfinder Bancorp (PBHC) sustainable?

The declaration of the dividend indicates company confidence, but sustainability depends on future economic conditions.