Financial Institutions, Inc. Announces Quarterly Cash Dividend

Rhea-AI Summary

Financial Institutions, Inc. (NASDAQ: FISI), the parent company of Five Star Bank and Courier Capital, , has declared a quarterly cash dividend of $0.30 per common share. The company's Board of Directors also approved dividends for its preferred stockholders: $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 paid on October 2, 2024, to shareholders of record as of September 13, 2024. This announcement demonstrates FISI's commitment to providing regular returns to its investors across different share classes.

Positive

• Consistent quarterly dividend payment of $0.30 per common share
• Additional dividend payments for preferred stockholders
• Maintaining shareholder returns across different share classes

Negative

• None.

WARSAW, N.Y., Aug. 19, 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 October 2, 2024, to shareholders of record on September 13, 2024.

About Financial Institutions, Inc.
Financial Institutions, Inc. (NASDAQ: FISI) is an innovative financial holding company with approximately $6.1 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 the dividend amount for FISI common shareholders?

Financial Institutions, Inc. (FISI) has declared a quarterly cash dividend of $0.30 per outstanding common share.

When is the dividend payment date for FISI shareholders?

The dividend payment date for FISI shareholders is October 2, 2024.

What is the record date for FISI's upcoming dividend?

The record date for FISI's upcoming dividend is September 13, 2024.

Does FISI pay dividends on its preferred stock?

Yes, FISI pays dividends on its preferred stock. The company announced 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.