WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent of Five Star Bank, recently announced that its board of directors has approved a quarterly cash dividend of 29 cents per common share outstanding. The banking company will pay the third-quarter dividend on Oct. 3, to shareholders of record on Sept. 16. It’s the same amount […]
WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent of Five Star Bank, recently announced that its board of directors has approved a quarterly cash dividend of 29 cents per common share outstanding.
The banking company will pay the third-quarter dividend on Oct. 3, to shareholders of record on Sept. 16. It’s the same amount as the dividend that Financial Institutions paid in both the second quarter and first quarter, when it boosted the payment from the 27 cents a share it paid for the fourth quarter of last year.
At the banking company’s current stock price, the new dividend yields about 4.45 percent on an annual basis.
Five Star Bank, based in Warsaw in Wyoming County, has more than 45 branches throughout Western and Central New York, as well as a loan office in Maryland. Its CNY branches include offices in Auburn, Seneca Falls, Geneva, Ovid, Horseheads, and Elmira.
Financial Institutions and its subsidiaries employ about 650 people.
