Breaking News: Pathfinder Bancorp Inc. Announces Exciting Dividend Declaration!
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.
What does this mean for me?
As a shareholder of Pathfinder Bancorp Inc., this exciting dividend declaration means that you will receive a cash payment of $0.10 per share for each voting common and non-voting common stock that you own. Additionally, if you hold any warrants issued by the company, you will receive a cash dividend of $0.10 per notional share. This extra income can be a great way to boost your financial portfolio and increase your overall returns on investment.
How does this news impact the world?
The dividend declaration by Pathfinder Bancorp Inc. is a positive sign for the financial industry as a whole. It shows that the company is performing well and generating enough profits to distribute to its shareholders. This news can instill confidence in other investors and contribute to the overall stability of the stock market. Additionally, the dividends paid out to shareholders can have a ripple effect on the economy by increasing consumer spending and stimulating economic growth.
Conclusion
In conclusion, the announcement of the dividend declaration by Pathfinder Bancorp Inc. is a significant event that can benefit both individual shareholders and the broader financial landscape. It provides shareholders with extra income and demonstrates the company’s strong performance. As for the world, this news contributes to the overall health of the financial sector and can have a positive impact on the economy as a whole.
