Fidelity D & D Bancorp, Inc. 10% Increase of Fourth Quarter 2021 Dividend
2021年10月21日 - 5:00AM
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 $0.33 per share, a 10% increase above the prior quarterly cash
dividend of $0.30 per share.
“We are very proud to announce a dividend increase for the
seventh consecutive year. This cash dividend increase demonstrates
the Board of Directors’ 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 $0.33 per share is payable December 10,
2021 to shareholders of record at the close of business on November
19, 2021.
Fidelity D & D Bancorp, Inc. serves Lackawanna, Luzerne and
Northampton Counties through The Fidelity Deposit and Discount
Bank’s 23 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 mobile 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.
Santaniello |
Salvatore R.
DeFrancesco, Jr. |
|
President and Chief Executive Officer |
Treasurer and Chief Financial Officer |
|
570-504-8035 |
570-504-8000 |
Fidelity D and D Bancorp (NASDAQ:FDBC)
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