Lake Shore Bancorp, Inc. (NASDAQ:LSBK) Plans $0.09 Quarterly Dividend

Key Points

• Lake Shore Bancorp declared a quarterly dividend of $0.09 per share, with an ex-dividend and record date of May 4 and a payment date of May 13, implying a yield of about 2.3%.
• The company reported quarterly earnings of $0.26 EPS on $7.36 million of revenue, with a net margin of 20.23% and a return on equity of 6.53%.
• LSBK stock recently traded around $15.98, giving a market capitalization of about $125.6 million and a trailing P/E of 13.54, with a 52-week range of $10.92 to $16.28.

Lake Shore Bancorp, Inc. (NASDAQ:LSBK - Get Free Report) declared a quarterly dividend on Wednesday, April 22nd. Investors of record on Monday, May 4th will be paid a dividend of 0.09 per share by the savings and loans company on Wednesday, May 13th. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date is Monday, May 4th.

Lake Shore Bancorp has decreased its dividend by an average of 0.0%per year over the last three years.

Lake Shore Bancorp Stock Up 0.4%

LSBK stock traded up $0.06 during trading on Friday, hitting $15.98. 1,723 shares of the company's stock traded hands, compared to its average volume of 5,385. The firm has a market capitalization of $125.60 million, a P/E ratio of 13.54 and a beta of 0.32. The business has a fifty day simple moving average of $15.47 and a two-hundred day simple moving average of $14.91. Lake Shore Bancorp has a 1 year low of $10.92 and a 1 year high of $16.28.

Lake Shore Bancorp (NASDAQ:LSBK - Get Free Report) last posted its earnings results on Wednesday, April 22nd. The savings and loans company reported $0.26 earnings per share (EPS) for the quarter. The company had revenue of $7.36 million during the quarter. Lake Shore Bancorp had a net margin of 20.23% and a return on equity of 6.53%.

Lake Shore Bancorp Company Profile

Lake Shore Bancorp, Inc operates as a savings and loan holding company for Lake Shore Servings Bank. It offers personal services such as checking, savings, lending, banking, debit card, e-services, and online banking; and business services including deposit products, commercial loans, and business e-statements. The company was founded in 2006 and is headquartered in Dunkirk, NY.

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