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

Fidelity D&D Bancorp Inc. (NASDAQ:FDBC) declared a quarterly dividend on Thursday, October 22nd. Stockholders 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 dividend yield of 2.9%. The ex-dividend date 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 Trading Up 6.8%

NASDAQ FDBC opened at $62.97 on Friday. Fidelity D&D Bancorp has a 12-month low of $41.00 and a 12-month high of $62.97. The company has a fifty day simple moving average of $55.32 and a two-hundred day simple moving average of $51.10. 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 stock has a market cap of $365.86 million, a P/E ratio of 11.99 and a beta of 0.82.

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

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.