The new, increased dividend will be payable to all Pathfinder shareholders of record on July 14 and will be paid on Aug. 4, the banking company announced in a news release.
At Pathfinder’s current stock price, the dividend payment yields about 1.4 percent on an annual basis.
Pathfinder Bank is a New York state–chartered savings bank headquartered in Oswego. The bank has nine full-service offices located in its market areas of Oswego and Onondaga counties.
Pathfinder Bank ranks second in deposit market share in Oswego County with a 24 percent share of all deposits, according to the latest FDIC data from June 30, 2016. However, it has the most branch offices in the county with seven.
Thomas W. Schneider is president and CEO of Pathfinder Bancorp.
Contact the Business Journal News Network at news@cnybj.com
Photo of Pathfinder branch in Oswego by Vance Marriner/ BJNN
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