OSWEGO, N.Y. — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), holding company for Pathfinder Bank, has declared a quarterly cash dividend of 5 cents per share on its common stock for the fiscal quarter ending Dec. 31.
The dividend will be payable to all shareholders of record on Jan. 11, 2016 and will be paid on Feb. 1, the banking company announced in a news release.
The dividend is the same as last quarter, when Pathfinder boosted it from the 3 cents a share that the banking company had paid shareholders in each of the prior three quarters.
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At Pathfinder’s current stock price, the dividend payment yields about 1.6 percent on an annual basis.
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 23 percent share of all deposits, according to the latest FDIC data. However, it has the most branch offices in the county with seven.
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