DUNMORE, Pa. - Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC), the parent company of The Fidelity Deposit and Discount Bank, has announced a second quarter dividend of $0.38 per share. This dividend is set to be paid on June 10, 2024, to shareholders who are on record as of May 20, 2024.
The company operates in several Pennsylvania counties, including Lackawanna, Luzerne, Northampton, and Lehigh, with 21 full-service community banking offices. Additionally, it has a wealth management office in Schuylkill County. Fidelity Bank also offers a range of digital services, including online banking and a mobile banking app, catering to the growing demand for virtual banking experiences.
This dividend declaration follows Fidelity D & D Bancorp, Inc.'s continued efforts to provide shareholder value and reflects its financial services performance. However, the company cautions that forward-looking statements in the press release are subject to various factors that could cause actual results to differ materially from those projected.
These factors include market demand, economic conditions, interest rates, competitive pressures, technological changes, and other risks and uncertainties, some of which are detailed in the company's filings with the Securities and Exchange Commission.
InvestingPro Insights
Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) has been a consistent provider of dividends, which is a strong signal for investors seeking steady income. According to InvestingPro Tips, the company has not only raised its dividend for 9 consecutive years but has also maintained dividend payments for an impressive 30 consecutive years. This demonstrates FDBC's commitment to returning value to its shareholders over the long term.
From a valuation perspective, the company's market capitalization stands at 259.18 million USD, with a Price to Earnings (P/E) ratio of 14.17, slightly adjusting to 14.09 for the last twelve months as of Q4 2023. This P/E ratio suggests that the company is reasonably valued in the current market. Moreover, the Price to Book (P/B) ratio for the same period is 1.37, indicating that the stock is potentially undervalued when considering the company's assets.
Despite experiencing a decline in revenue growth, down by 16.87% for the last twelve months as of Q4 2023, FDBC remains profitable with an operating income margin of 29.86% for the same period. This profitability, as highlighted by one of the InvestingPro Tips, reflects the company's ability to manage its operations effectively despite the challenging revenue environment.
For those interested in further analysis and additional InvestingPro Tips on Fidelity D & D Bancorp, Inc., you can find more at: https://www.investing.com/pro/FDBC. Currently, there are 4 additional tips available on InvestingPro. Readers can also take advantage of a special offer using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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