Categories: Banks & Credit UnionsSubscriber Only

Pathfinder Bancorp to pay dividend of 6 cents a share in August

OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), holding company for Pathfinder Bank, recently declared a quarterly cash dividend of 6 cents per share on its common stock for the fiscal quarter ending June 30. The dividend will be payable to all Pathfinder shareholders of record on July 20 and will be paid on Aug. 10, […]

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The dividend will be payable to all Pathfinder shareholders of record on July 20 and will be paid on Aug. 10, the banking company announced in a news release.

Pathfinder also paid a dividend of 6 cents a share last quarter after boosting the dividend in four straight quarters by one-fourth of a cent each time.

At the banking company’s current stock price, the dividend payment yields about 1.5 percent on an annual basis.

Pathfinder Bank is a New York State–chartered commercial bank headquartered in Oswego. The bank has nine full-service branches located in its market areas of Oswego and Onondaga counties. Pathfinder is in the process of renovating a building on Route 31 in Clay, which formerly housed a KeyBank branch, to become its 10th branch overall and third in Onondaga County.

Pathfinder Bank ranks first in deposit market share in Oswego County with a 42 percent share of all deposits, according to the latest FDIC data from June 30, 2017. The bank also has the most branch offices in the county with seven.

Thomas W. Schneider is president and CEO of Pathfinder Bancorp.

Journal Staff