DUNMORE, Pa., May 04, 2016 (GLOBE NEWSWIRE) -- The Board of Directors of Fidelity D & D Bancorp, Inc. (OTCBB:FDBC), parent company of The Fidelity Deposit and Discount Bank, announce their declaration of the Company’s second quarter dividend of $0.29 per share, a 7% increase above the previous quarterly payment of $0.27 per share. The dividend is payable June 10, 2016 to shareholders of record at the close of business on May 20, 2016.
“The 7% increase in dividend demonstrates the commitment to increase shareholder returns that reflects our confidence in the long term prospects of the Company,” stated Daniel J. Santaniello, President and Chief Executive Officer. “With today’s announcement, we are proud to increase our quarterly dividend the second year in a row, while still investing back into the Company in a way that will continue to drive profitable growth.”
Fidelity D & D Bancorp, Inc. serves Lackawanna and Luzerne Counties through The Fidelity Deposit and Discount Bank’s ten community banking offices.
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 President and Chief Executive Officer 570-504-8035 Salvatore R. DeFrancesco, Jr. Treasurer and Chief Financial Officer 570-504-8000
Source:Fidelity Deposit & Discount Bank