Fidelity D & D Bancorp, Inc. Announces Increase Of Quarterly Dividend From $0.36 To $0.38 Per Share
Portfolio Pulse from Benzinga Newsdesk
Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) has announced a 6% increase in its quarterly dividend from $0.36 to $0.38 per share. This marks the ninth consecutive year of dividend increases for the company. The dividend will be payable on December 8, 2023, to shareholders of record as of November 17, 2023.
October 19, 2023 | 7:57 pm
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Fidelity D & D Bancorp's announcement of a dividend increase could potentially attract more investors, leading to a positive impact on its stock price in the short term.
Dividend increases are generally seen as a positive signal by the market, indicating a company's confidence in its future earnings. This could attract more investors to FDBC, potentially leading to an increase in demand for the stock and a rise in its price.
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