Pathfinder Bancorp, Inc. (PBHC) Raises Dividend to $0.06 Per Share

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) declared a quarterly dividend on Tuesday, December 26th, Wall Street Journal reports. Investors of record on Friday, January 12th will be given a dividend of 0.0575 per share by the savings and loans company on Saturday, February 3rd. This represents a $0.23 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Thursday, January 11th. This is a positive change from Pathfinder Bancorp’s previous quarterly dividend of $0.06.

Pathfinder Bancorp (PBHC) traded down $0.05 on Tuesday, hitting $15.35. 6,144 shares of the company were exchanged, compared to its average volume of 3,416. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $65.91, a P/E ratio of 17.85 and a beta of 0.39. Pathfinder Bancorp has a one year low of $12.73 and a one year high of $16.00.

Pathfinder Bancorp (NASDAQ:PBHC) last issued its quarterly earnings results on Friday, October 27th. The savings and loans company reported $0.22 earnings per share for the quarter. Pathfinder Bancorp had a net margin of 11.31% and a return on equity of 5.92%. The business had revenue of $6.90 million for the quarter.

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About Pathfinder Bancorp

Pathfinder Bancorp, Inc is a federally chartered mid-tier holding company. The primary business of the Company is its investment in Pathfinder Bank (the Bank). The Bank is primarily engaged in the business of attracting deposits from the general public in the Bank’s market area, and investing such deposits, together with other sources of funds, in loans secured by one- to four-family residential real estate, commercial real estate, small business loans and consumer loans.

Dividend History for Pathfinder Bancorp (NASDAQ:PBHC)

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