Financial Institutions, Inc. Declares Cash Dividend
Financial Institutions, Inc. (NASDAQ: FISI), the parent company of Five Star Bank and Courier Capital, has made an important announcement regarding its financial health and shareholder benefits. The company's Board of Directors has approved a quarterly cash dividend of $0.30 for each outstanding common share, marking a continued commitment to return value to its shareholders.
Details of the Dividend Distribution
In addition to the cash dividend on common shares, the company has declared dividends on its preferred stocks. Shareholders will receive dividends of $0.75 per share for the Series A 3% preferred stock and $2.12 per share for the Series B-1 8.48% preferred stock. This multi-faceted approach to dividends reflects the organization’s robust earnings and strategy to maintain shareholder trust.
Payment Schedule for Shareholders
These dividends are set to be disbursed on January 2, 2025, to shareholders who are on record as of December 13, 2024. This timeline allows investors to prepare accordingly and illustrates the company’s reliable dividend policy.
About Financial Institutions, Inc.
Financial Institutions, Inc. is not only a significant player in the market but also an innovative financial holding company with a solid asset base of approximately $6.2 billion. Through its subsidiary, Five Star Bank, the company extends banking and wealth management services. It addresses the needs of individuals, municipalities, and a variety of businesses with a footprint across Western and Central New York, in addition to a commercial loan production office serving the Mid-Atlantic region.
Service Offerings of Five Star Bank
Five Star Bank is dedicated to providing comprehensive consumer and commercial banking, including lending services tailored for various customer profiles. By prioritizing accessibility and customer service, Five Star Bank has established a reputation for reliability in the financial sector.
Courier Capital, LLC: Investment Management Services
Alongside Five Star Bank, Courier Capital, LLC plays a vital role in the Financial Institutions, Inc. ecosystem by offering bespoke investment management, financial planning, and consulting services. Their offerings are designed for individuals, families, businesses, non-profits, and retirement plans, ensuring that every client receives personalized attention and professional advice tailored to their unique financial situations.
Connect with Financial Institutions, Inc.
For those looking for further insights or details regarding Financial Institutions, Inc. and its operations, please reach out to their director of investor and external relations. The company is committed to transparency and keeping its stakeholders informed.
Contact Information
For further inquiries, individuals may contact Kate Croft, Director of Investor and External Relations, at (716) 817-5159 or via email. Communication with the company remains open, ensuring that investors receive all necessary information regarding their investments and the company’s performance.
Frequently Asked Questions
What is the announced cash dividend for Financial Institutions, Inc.?
The company has declared a quarterly cash dividend of $0.30 per outstanding common share.
What are the preferred stock dividends?
Preferred stock dividends include $0.75 per share for Series A and $2.12 per share for Series B-1.
When will dividends be paid out?
The dividends are scheduled to be paid out on January 2, 2025, to shareholders registered by December 13, 2024.
What services does Five Star Bank offer?
Five Star Bank provides a range of consumer and commercial banking services, lending, and wealth management products.
How can I contact Financial Institutions, Inc.?
Investors can reach out to Kate Croft, Director of Investor and External Relations, at (716) 817-5159 or through email for inquiries.
