Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) Announces Dividend Increase - $0.46 Per Share

Key Points

• Fidelity D&D Bancorp increased its quarterly dividend 7% to $0.46 per share, payable December 10 to shareholders of record November 14. The dividend implies an annualized payout of $1.84 and a 2.9% yield.
• The bank has raised its dividend for 10 consecutive years, while recently reporting quarterly earnings of $1.53 per share on $21.81 million in revenue.
• Fidelity D&D Bancorp shares opened at $62.97, up 6.8%, near their 52-week high; institutional investors own approximately 20.05% of the company.

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC - Get Free Report) announced a quarterly dividend on Thursday, October 22nd. Shareholders of record on Saturday, November 14th will be given a dividend of $0.46 per share by the financial services provider on Thursday, December 10th. This represents a $1.84 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, November 13th. This is a 7.0% increase from Fidelity D&D Bancorp's previous quarterly dividend of $0.43.

Fidelity D&D Bancorp has raised its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 10 years.

Fidelity D&D Bancorp Stock Up 6.8%

Fidelity D&D Bancorp stock opened at $62.97 on Friday. Fidelity D&D Bancorp has a 1-year low of $41.00 and a 1-year high of $62.97. The firm has a market capitalization of $365.86 million, a price-to-earnings ratio of 11.99 and a beta of 0.82. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.02. The firm has a 50 day simple moving average of $55.32 and a 200 day simple moving average of $51.10.

Fidelity D&D Bancorp (NASDAQ:FDBC - Get Free Report) last announced its quarterly earnings results on Wednesday, October 21st. The financial services provider reported $1.53 earnings per share for the quarter. The firm had revenue of $21.81 million for the quarter. Fidelity D&D Bancorp had a return on equity of 13.10% and a net margin of 21.69%.

Institutional Investors Weigh In On Fidelity D&D Bancorp

Several institutional investors have recently modified their holdings of FDBC. BlackRock Inc. bought a new position in shares of Fidelity D&D Bancorp in the second quarter worth approximately $17,740,000. Fidelity D & D Bancorp Inc. increased its stake in Fidelity D&D Bancorp by 1.0% during the first quarter. Fidelity D & D Bancorp Inc. now owns 99,269 shares of the financial services provider's stock worth $4,296,000 after acquiring an additional 965 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Fidelity D&D Bancorp in the 2nd quarter worth about $1,563,000. Hsbc Holdings PLC grew its position in Fidelity D&D Bancorp by 67.6% in the 2nd quarter. Hsbc Holdings PLC now owns 19,405 shares of the financial services provider's stock valued at $999,000 after acquiring an additional 7,824 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Fidelity D&D Bancorp by 17.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 19,335 shares of the financial services provider's stock valued at $837,000 after buying an additional 2,820 shares in the last quarter. 20.05% of the stock is owned by hedge funds and other institutional investors.

Fidelity D&D Bancorp Company Profile

Fidelity D&D Bancorp, Inc is a bank holding company headquartered in Scranton, Pennsylvania. Through its principal subsidiary, Fidelity Deposit and Discount Bank, the company provides community banking services to individuals, families, businesses and nonprofit organizations.

The bank offers deposit products such as checking, savings and money market accounts, certificates of deposit and retirement accounts. Its lending activities include residential mortgages, home equity loans, consumer loans, commercial real estate financing and business loans.

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