Fidelity D & D Bancorp, Inc. Announces Eight Consecutive Year Increase with 9% Increase of Fourth Quarter 2022 Dividend
19 Ottobre 2022 - 11:34PM
The Board of Directors of Fidelity D & D Bancorp, Inc. (NASDAQ:
FDBC), parent company of The Fidelity Deposit and Discount Bank,
announce their declaration of the Company’s fourth quarter dividend
of $0.36 per share, a 9% increase above the prior quarterly cash
dividend of $0.33 per share.
“We are very proud to announce a dividend increase for the
eighth consecutive year. This cash dividend increase demonstrates
the Board of Director’s and the Fidelity Bankers’ commitment to
sustainably increasing shareholder value, while continuing
investment back into the Company in a meaningful way that drives
profitable growth,” stated Daniel J. Santaniello, President and
Chief Executive Officer. “The improvement in revenue levels
from growth along with the successful integration of both
acquisitions lead to this prudent decision.”
The cash dividend of $0.36 per share is payable December 9, 2022
to shareholders of record at the close of business on November 18,
2022.
Fidelity D & D Bancorp, Inc. serves Lackawanna, Luzerne,
Northampton and Lehigh Counties through The Fidelity Deposit and
Discount Bank’s 21 full-service community banking offices, along
with the Fidelity Bank Wealth Management Minersville Office in
Schuylkill County. Fidelity Bank provides a digital and virtual
experience via digital services and digital account opening through
Online Banking and the Fidelity Mobile Banking app.
For more information visit our investor relations web site
through www.bankatfidelity.com.
This press release may contain forward-looking statements as
defined in the Private Securities Litigation Reform Act of
1995. Actual results and trends could differ materially from
those set forth in such statements due to various factors.
These factors include the possibility that increased demand or
prices for the company’s financial services and products may not
occur, changing economic, interest rate and competitive conditions,
technological developments and other risks and uncertainties,
including those detailed in the company’s filings with the
Securities and Exchange Commission. |
Contacts: |
|
Daniel J. SantanielloPresident and Chief Executive
Officer570-504-8035 |
Salvatore R. DeFrancesco, Jr.Treasurer and Chief Financial
Officer570-504-8000 |
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