WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent company of Five Star Bank, recently announced that its board of directors has approved a quarterly cash dividend of 31 cents per share of its common stock outstanding. That’s up by 3.3 percent from the 30 cents a share that the banking company paid last quarter. […]
WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent company of Five Star Bank, recently announced that its board of directors has approved a quarterly cash dividend of 31 cents per share of its common stock outstanding.
That’s up by 3.3 percent from the 30 cents a share that the banking company paid last quarter.
Financial Institutions will pay the first-quarter dividend on April 2, to shareholders of record as of March 14.
At Financial Institutions’ current stock price, the new dividend yields about 4.35 percent on an annual basis.
Financial Institutions is a financial holding company, based in Warsaw in New York’s Wyoming County, with about $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. Five Star Bank’s Central New York offices include a commercial-loan production office in Syracuse and retail branches in Auburn, Waterloo, and Geneva.
