Financial Institutions, Inc. Announces Quarterly Cash Dividend

Rhea-AI Summary

Financial Institutions (NASDAQ: FISI) has declared its quarterly dividend payments. The company announced a cash dividend of $0.30 per common share, $0.75 per share on Series A 3% preferred stock, and $2.12 per share on Series B-1 8.48% preferred stock. All dividends will be payable on January 2, 2025, to shareholders of record as of December 13, 2024. The company operates through its subsidiaries Five Star Bank and Courier Capital.

Positive

• Consistent dividend payment indicates financial stability
• Maintaining dividend levels across all share classes

Negative

• None.

News Market Reaction – FISI

+4.09%

+4.09% Session move

In the trading session that priced this news, FISI gained 4.09%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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WARSAW, N.Y., Nov. 20, 2024 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ: FISI) (the “Company”), parent company of Five Star Bank and Courier Capital, LLC, announced today that its Board of Directors has approved a quarterly cash dividend of $0.30 per outstanding common share.

The Company also announced dividends of $0.75 per share on its Series A 3% preferred stock and $2.12 per share on its Series B-1 8.48% preferred stock.

All dividends are payable January 2, 2025, to shareholders of record on December 13, 2024.

About Financial Institutions, Inc.
Financial Institutions, Inc. (NASDAQ: FISI) is an innovative financial holding company with approximately $6.2 billion in assets offering banking and wealth management products and services. Its Five Star Bank subsidiary provides consumer and commercial banking and lending services to individuals, municipalities and businesses through banking locations spanning Western and Central New York and a commercial loan production office serving the Mid-Atlantic region. Courier Capital, LLC offers customized investment management, financial planning and consulting services to individuals and families, businesses, institutions, non-profits and retirement plans. Learn more at Five-StarBank.com and FISI-Investors.com.

For additional information contact:
Kate Croft
Director of Investor and External Relations
(716) 817-5159
klcroft@five-starbank.com

FAQ

What is Financial Institutions (FISI) quarterly dividend amount for Q4 2024?

Financial Institutions (FISI) declared a quarterly cash dividend of $0.30 per common share for Q4 2024.

When is the dividend payment date for FISI's Q4 2024 dividend?

The dividend payment date is January 2, 2025, for shareholders of record as of December 13, 2024.

What are FISI's preferred stock dividend amounts for Q4 2024?

FISI declared dividends of $0.75 per share on Series A 3% preferred stock and $2.12 per share on Series B-1 8.48% preferred stock.

What is the record date for FISI's Q4 2024 dividend?

The record date for FISI's Q4 2024 dividend is December 13, 2024.