DUNMORE, Pa. - Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC), the parent company of The Fidelity Deposit and Discount Bank, has declared a dividend for the third quarter of $0.38 per share. This dividend is slated for payment on September 10, 2024, to shareholders who are on record by the close of business on August 20, 2024.
The bank operates in the Pennsylvania counties of Lackawanna, Luzerne, Northampton, and also maintains a Wealth Management Minersville Office in Schuylkill County. Fidelity Bank has made strides in digital banking, offering services through their online platform and mobile application, catering to the needs of customers seeking virtual banking experiences.
This announcement comes amidst a banking environment that is increasingly competitive, with economic conditions, interest rates, and technological advancements playing significant roles in shaping the market. While the company has issued forward-looking statements, it acknowledges that actual results may differ due to a variety of factors. These factors include potential fluctuations in demand or prices for the company's financial services and products, as well as broader economic and competitive pressures.
Investors and customers are encouraged to refer to the company's filings with the Securities and Exchange Commission for a more detailed understanding of the risks and uncertainties that may impact the company's performance.
The information provided in this article is based on a press release statement from Fidelity Deposit & Discount Bank. The declaration of the dividend reflects the company's performance and its commitment to returning value to its shareholders. As the payment date approaches, shareholders of Fidelity D & D Bancorp can anticipate the receipt of the dividend, which remains subject to the prevailing conditions as outlined by the company.
In other recent news, Fidelity D & D Bancorp, a banking corporation based in Pennsylvania, declared a second quarter dividend of $0.38 per share. This payout is slated for June 10, 2024, for shareholders recorded as of May 20, 2024. The declaration comes as part of the company's ongoing efforts to provide shareholder value and is a reflection of its performance in the financial services sector.
However, Fidelity D & D Bancorp has issued a cautionary note that forward-looking statements could be subject to factors that may significantly alter projected results. These factors encompass market demand, economic conditions, interest rates, competitive pressures, technological changes, and various risks and uncertainties as detailed in the company's filings with the Securities and Exchange Commission. These are the latest developments on Fidelity D & D Bancorp.
InvestingPro Insights
Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) remains a noteworthy player in the banking sector, not just for its dividend declaration but also for its financial performance and shareholder returns. The company has a strong track record of rewarding investors, having raised its dividend for 9 consecutive years, a testament to its commitment to shareholder value. Moreover, Fidelity D & D Bancorp has maintained dividend payments for an impressive 30 consecutive years, highlighting its financial stability and reliability as an income-generating stock.
In terms of recent performance, FDBC has experienced a significant return over the last week, with a 1 Week Price Total Return of 30.2%. This surge is reflected in the stock's relative strength index (RSI), which suggests that the stock is currently in overbought territory. Investors may want to keep an eye on potential pullbacks following such a rapid ascent in price.
From a valuation perspective, the company's market capitalization stands at $312.6 million USD, with a Price/Earnings (P/E) ratio of 19.12 and a Price to Book (P/B) ratio of 1.64 as of the last twelve months, indicating how the market values the company relative to its book value. Despite a challenging revenue environment with a -18.44% change in revenue over the last twelve months, FDBC's dividend yield remains attractive at 2.77%, offering investors a steady income stream.
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