Pathfinder Bank, recently declared a quarterly cash dividend of 5.25 cents per share on its common stock for the fiscal quarter ending June 30. That’s up from the 5 cents a share it paid last quarter.
The new, increased dividend will be payable to all Pathfinder shareholders of record on July 14 and will be paid on Aug. 4, the banking company announced in a news release.
At Pathfinder’s current stock price, the dividend payment yields about 1.4 percent on an annual basis.
(Sponsored)
Inflation and Insurance Rates: How to Offset the Impact
Many industries have been hit by inflation where it hurts the most, our pockets. Inflation is raising the price of goods and services including food, housing, transportation, and medical care.
The Trust Gap You Didn’t Know You Had If you ask most business owners whether they provide strong benefits, you’ll get a confident “yes.” They point to the dollars invested,
Pathfinder Bank is a New York state–chartered savings bank headquartered in Oswego. The bank has nine full-service offices located in its market areas of Oswego and Onondaga counties.
Pathfinder Bank ranks second in deposit market share in Oswego County with a 24 percent share of all deposits, according to the latest FDIC data from June 30, 2016. However, it has the most branch offices in the county with seven.
Thomas W. Schneider is president and CEO of Pathfinder Bancorp.
Contact the Business Journal News Network at news@cnybj.com
Photo of Pathfinder branch in Oswego by Vance Marriner/ BJNN
