Pathfinder Bancorp, Inc. Declares Dividend

Rhea-AI Summary

Pathfinder Bancorp (NASDAQ: PBHC) has declared a cash dividend of $0.10 per share on both voting common and non-voting common stock for the fourth quarter of 2024. The dividend also includes $0.10 per notional share for issued warrants. The dividend will be paid on February 7, 2025, to shareholders of record as of January 17, 2025.

Pathfinder Bank, a New York State chartered commercial bank headquartered in Oswego, operates twelve full-service offices across Oswego and Onondaga County, plus one purpose office in Oneida County. The bank's deposits are FDIC-insured.

Positive

• Consistent dividend payment maintained at $0.10 per share
• Company maintains strong market presence with 12 full-service offices

Negative

• None.

OSWEGO, N.Y., Dec. 23, 2024 (GLOBE NEWSWIRE) -- James A. Dowd, President and CEO of Pathfinder Bancorp, Inc., the bank holding company of Pathfinder Bank (NASDAQ: PBHC) (listing: PathBcp), has announced that the Company has declared a cash dividend of $0.10 per share on the Company's voting common and non-voting common stock, and a cash dividend of $0.10 per notional share for the issued warrant relating to the fiscal quarter ending December 31, 2024. The fourth quarter 2024 dividend will be payable to all shareholders of record on January 17, 2025 and will be paid on February 7, 2025.

About Pathfinder Bancorp, Inc.
Pathfinder Bank is a New York State chartered commercial bank headquartered in Oswego, whose deposits are insured by the Federal Deposit Insurance Corporation. The Bank is a wholly owned subsidiary of Pathfinder Bancorp, Inc., (NASDAQ SmallCap Market; symbol: PBHC, listing: PathBcp). The Bank has twelve full service offices located in its market areas consisting of Oswego and Onondaga County and one limited purpose office in Oneida County.

This release may contain certain forward-looking statements, which are based on management's current expectations regarding economic, legislative, and regulatory issues that may impact the Company's earnings in future periods. Factors that could cause future results to vary materially from current management expectations include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, loan demand, real estate values, and competition; changes in accounting principles, policies, or guidelines; changes in legislation or regulation; and economic, competitive, governmental, regulatory, and technological factors affecting the Company's operations, pricing, products, and services.

CONTACT: James A. Dowd, President and CEO, (315) 343-0057

FAQ

What is the Q4 2024 dividend amount for Pathfinder Bancorp (PBHC)?

Pathfinder Bancorp (PBHC) declared a cash dividend of $0.10 per share for Q4 2024.

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

The Q4 2024 dividend will be paid on February 7, 2025.

What is the record date for Pathfinder Bancorp's latest dividend?

The record date for PBHC's Q4 2024 dividend is January 17, 2025.

Does PBHC's dividend apply to both voting and non-voting shares?

Yes, the $0.10 dividend applies to both voting common and non-voting common stock, as well as notional shares for issued warrants.

How many branch locations does Pathfinder Bank operate?

Pathfinder Bank operates twelve full-service offices in Oswego and Onondaga County, plus one purpose office in Oneida County.