DUNMORE, Pa., Feb. 08, 2017 (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 first quarter dividend of $0.31 per share, a 7% increase above the previous quarterly payment of $0.29 per share. This increase represents a 15% increase over the previous year’s first quarter dividend paid of $0.27 per share. The dividend is payable March 10, 2017 to shareholders of record at the close of business on February 20, 2017.
“The increase in dividends demonstrates the Board of Director’s and the Fidelity Bankers’ commitment to sustainably increasing shareholder value,” stated Daniel J. Santaniello, President and Chief Executive Officer. “With today’s announcement, we are proud to increase our dividend for the third year in a row, while continuing to invest 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