• Journal Staff in Banks & Credit UnionsInsurance & Financial ServicesSmall Business

Pathfinder to pay quarterly dividend of 5 cents on Feb. 3

The sign outside Pathfinder Bank’s downtown Syracuse branch at 109 West Fayette St.in the Pike Block building. The New York State Department of Financial Services on Dec. 23 announced it had approved the location’s application to expand from a limited-service to a full-service banking location. The branch initially only serviced business customers but Pathfinder decided to pursue a service expansion, citing a “growth in population” in downtown Syracuse, a spokesperson said in an email to BJNN. (Eric Reinhardt / BJNN file photo)

OSWEGO, N.Y. — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), holding company for Pathfinder Bank, has declared a quarterly cash dividend of 5 cents per share on its common stock for the fiscal quarter ending Dec. 31.

The dividend will be payable to all shareholders of record on Jan. 13 and will be paid on Feb. 3, the banking company announced in a news release.

At Pathfinder’s current stock price, the dividend payment yields nearly 1.6 percent on an annual basis.

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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. However, it has the most branch offices in the county with seven.

Contact The Business Journal News Network at news@cnybj.com

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