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Five Star Bank parent company to pay Q4 dividend in early January

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 27 cents per share of its common stock for the fourth quarter. Financial Institutions said it will pay its quarterly dividend on Jan. 3, to shareholders of record […]

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Financial Institutions said it will pay its quarterly dividend on Jan. 3, to shareholders of record on Dec. 17.

The dividend is the same amount that the banking company paid in each of the prior three quarters but is one cent higher than the payment of 26 cents it made in the year-ago quarter. At the company’s current stock price, the dividend yields about 3.4 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. Its CNY branches include offices in Auburn, Seneca Falls, Geneva, Ovid, Horseheads, and Elmira.

Financial Institutions and its subsidiaries employ about 600 people.

Jornal Staff