OSWEGO, N.Y. — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), holding company for Pathfinder Bank, recently declared a quarterly cash dividend of 5.75 cents per share on its common stock for the fiscal quarter ending Dec. 31. That’s up from the 5.5 cents a share it paid in the previous quarter.
It’s the third straight quarter in which Pathfinder has boosted its dividend by a quarter of a cent.
The new, increased dividend will be payable to all Pathfinder shareholders of record on Jan. 12 and will be paid on Feb. 3, the banking company announced in a news release.
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At Pathfinder’s current stock price, the dividend payment yields about 1.4 percent on an annual basis.
Pathfinder Bank is a New York state–chartered savings bank headquartered in Oswego. The bank has nine full-service branches located in its market areas of Oswego and Onondaga counties.
Pathfinder Bank ranks first in deposit market share in Oswego County with a 42 percent share of all deposits, according to the latest FDIC data from June 30, 2017. The bank also has the most branch offices in the county with seven.
Thomas W. Schneider is president and CEO of Pathfinder Bancorp.
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