DUNMORE, Pa., Nov. 02, 2016 (GLOBE NEWSWIRE) -- The Board of Directors of Fidelity D & D Bancorp, Inc. (OTC US:FDBC), parent company of The Fidelity Deposit and Discount Bank, announce their declaration of the Company’s fourth quarter dividend of $0.29 per share plus a 2016 bonus dividend of $0.10 per share. The Company’s successful growth lead the 2016 year-to-date net income above expected pace, at 7% above prior years’ net income level. For the fourth consecutive year, the Board declared a one-time bonus payment as a means to share the Company’s success with our devoted shareholders.
The total cash dividend of $0.39 per share is payable December 9, 2016 to shareholders of record at the close of business on November 18, 2016.
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