Fidelity D & D Bancorp, Inc. Announces Nineth Consecutive Year Increase with 6% Increase of Fourth Quarter 2023 Dividend

DUNMORE, Pa., Oct. 19, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC), parent company of The Fidelity Deposit and Discount Bank, announce their declaration of the Company’s fourth quarter dividend of $0.38 per share, a 6% increase above the prior quarterly cash dividend of $0.36 per share.

“On behalf of the Board of Directors and all Fidelity Bankers, I am proud to announce a dividend increase for the ninth consecutive year. We remain committed to sustainably increasing shareholder value and continuing to make meaningful investments back into the Company, positioning it for future growth,” said Daniel J. Santaniello, President & Chief Executive Officer. “We are grateful for the support of our shareholders, our Bankers, clients, the community.”

The cash dividend of $0.38 per share is payable December 8, 2023 to shareholders of record at the close of business on November 17, 2023.

Fidelity D & D Bancorp, Inc. serves Lackawanna, Luzerne, Northampton and Lehigh Counties through The Fidelity Deposit and Discount Bank’s 21 full-service community banking offices, along with the Fidelity Bank Wealth Management Minersville Office in Schuylkill County. Fidelity Bank provides a digital and virtual experience via digital services and digital account opening through Online Banking and the Fidelity Mobile Banking app.

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This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors. These factors include the possibility that increased demand or prices for the company’s financial services and products may not occur, changing economic, interest rate and competitive conditions, technological developments and other risks and uncertainties, including those detailed in the company’s filings with the Securities and Exchange Commission.

 Daniel J. Santaniello Salvatore R. DeFrancesco, Jr.
 President and Chief Executive OfficerTreasurer and Chief Financial Officer