Pathfinder Bancorp, Inc. Declares Dividend

Rhea-AI Summary

Pathfinder Bancorp, Inc. (NASDAQ: PBHC) has declared a cash dividend of $0.06 per share on common and preferred stock for the fiscal quarter ending September 30, 2020. Additionally, a $0.06 dividend per notional share will be paid for issued common stock warrants. Shareholders of record on October 16, 2020 will receive the dividend payment on November 6, 2020.

Positive

• Declared a cash dividend of $0.06 per share, demonstrating financial stability and shareholder value.

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• None.

OSWEGO, N.Y., Sept. 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 September 30^th, 2020. The dividend will be payable to all shareholders of record on October 16^th, 2020 and will be paid on November 6^th, 2020.  

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) for September 2020?

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

When will the dividend be paid to shareholders of Pathfinder Bancorp (PBHC)?

The dividend will be paid on November 6, 2020.

Who is eligible to receive the dividend from Pathfinder Bancorp (PBHC)?

Shareholders of record on October 16, 2020, are eligible to receive the dividend.

What financial metrics support the dividend declaration by Pathfinder Bancorp (PBHC)?

The declaration of a dividend indicates financial stability and a commitment to returning value to shareholders.