DUNMORE, Pa., Feb. 08, 2018 (GLOBE NEWSWIRE) -- 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 first quarter dividend of $0.24 per share, a 16% increase above the previous year’s split adjusted first quarter dividend paid of $0.207 per share.
“The increase in dividend demonstrates Fidelity’s commitment to sustainable shareholder value creation,” stated Daniel J. Santaniello, President and Chief Executive Officer. “We are proud to increase our dividend for the fourth consecutive year, while continuing investment back into the Company in a way that will continue to drive profitable growth.”
The dividend is payable March 9, 2018 to shareholders of record at the close of business on February 19, 2018.
On August 15, 2017, the Company declared a three-for-two stock split effected in the form of a 50% stock dividend. Per share information has been retroactively adjusted to reflect this stock split.
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.
|Daniel J. Santaniello||Salvatore R. DeFrancesco, Jr.|
|President and Chief Executive Officer||Treasurer and Chief Financial Officer|
Source:Fidelity Deposit & Discount Bank