Pathfinder Bancorp, Inc. Declares Dividend

Rhea-AI Summary

Pathfinder Bancorp has declared a $0.10 per share cash dividend on its voting and non-voting common stock, including a $0.10 dividend per notional share for the issued warrant. This dividend is for the fiscal quarter ending June 30, 2024, and will be payable on August 9, 2024, to shareholders of record as of July 19, 2024.

Pathfinder Bancorp is the holding company for Pathfinder Bank, a New York State chartered commercial bank with FDIC-insured deposits. The bank operates eleven full-service offices in Oswego and Onondaga County and one -purpose office in Oneida County.

Positive

• Pathfinder Bancorp's declaration of a $0.10 per share dividend demonstrates confidence in the company's financial stability.
• The dividend payment date and record date have been clearly stated, providing transparency to shareholders.

Negative

• None.

OSWEGO, N.Y., July 01, 2024 (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 $0.10 per share on the Company's voting common and non-voting common stock, and a cash dividend of $0.10 per notional share for the issued warrant relating to the fiscal quarter ending June 30, 2024. The second quarter 2024 dividend will be payable to all shareholders of record on July 19, 2024 and will be paid on August 9, 2024.

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 for the fiscal quarter ending June 30, 2024?

Pathfinder Bancorp has declared a cash dividend of $0.10 per share.

When will Pathfinder Bancorp pay the declared dividend?

The dividend will be paid on August 9, 2024.

What is the record date for Pathfinder Bancorp's dividend payment?

The record date for the dividend payment is July 19, 2024.

What is the stock symbol for Pathfinder Bancorp?

The stock symbol for Pathfinder Bancorp is PBHC.

How many offices does Pathfinder Bank operate?

Pathfinder Bank operates eleven full-service offices and one -purpose office.