Fidelity D & D Bancorp, Inc. Announces 2025 Q1 Dividend Growth
Fidelity D & D Bancorp, Inc. Declares Increased Dividend for Q1 2025
DUNMORE, Pa. — The Board of Directors for Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) has recently unveiled its plans for the company's first quarter dividend of the year. This announcement signals a positive trend in the bank's financial growth, with a dividend set at $0.40 per share. This represents a noteworthy 5% increase compared to the $0.38 paid out in the first quarter of the previous year.
Details on Dividend Payment
The upcoming dividend will be distributed on March 10, 2025, to shareholders who are on record as of February 14, 2025. This uplifting news not only enhances shareholder value but also demonstrates the company’s commitment to providing consistent returns to its investors.
Operational Footprint of Fidelity D & D Bancorp, Inc.
Fidelity D & D Bancorp operates primarily through its wholly-owned subsidiary, The Fidelity Deposit and Discount Bank. This institution serves regions including Lackawanna, Luzerne, Northampton, and Lehigh Counties with a robust network of 21 full-service banking offices. Furthermore, the Fidelity Bank Wealth Management services also extend to clients, ensuring comprehensive financial solutions.
Digital Banking Services
In response to the growing demand for enhanced customer experiences, Fidelity D & D Bancorp, Inc. has adopted advanced technology initiatives. Customers can now benefit from digital banking solutions, which include online account openings and transactions via the Fidelity Mobile Banking app. This digital infrastructure not only facilitates convenience but also aims to provide a seamless banking experience.
Commitment to Shareholder Value
The Board's decision to increase the dividend reflects a strong commitment to delivering superior shareholder value amidst a competitive financial landscape. Investors can appreciate this positive trajectory as it underlines the bank's stability and growth potential in the coming months.
Communication with Investors
For shareholders and interested investors, more detailed financial information is available. Fidelity D & D Bancorp encourages all to explore their investor relations resources for insights into the bank’s performance, strategies, and forecasts for the future.
Contact Information for Fidelity D & D Bancorp, Inc.
For further inquiries, investors can reach out to the following executives:
Daniel J. Santaniello
President and Chief Executive Officer
Phone: 570-504-8035
Salvatore R. DeFrancesco, Jr.
Treasurer and Chief Financial Officer
Phone: 570-504-8000
Frequently Asked Questions
What is the new dividend per share for Fidelity D & D Bancorp, Inc.?
The dividend has been declared at $0.40 per share for the first quarter of 2025.
When will the dividend be paid out?
The dividend payment will occur on March 10, 2025, for eligible shareholders.
What was the previous dividend amount?
The prior dividend amount before the increase was $0.38 per share.
How can investors find more information about the bank?
Investors can visit Fidelity D & D Bancorp's investor relations website for more insights and information.
Who should I contact for more questions regarding my investment?
You can contact either Daniel J. Santaniello or Salvatore R. DeFrancesco, Jr. for inquiries regarding investments.
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