Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) to Issue $0.33 Quarterly Dividend

Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC – Get Rating) announced a quarterly dividend on Wednesday, April 20th, Zacks reports. Shareholders of record on Friday, May 20th will be paid a dividend of 0.33 per share by the financial services provider on Friday, June 10th. This represents a $1.32 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date is Thursday, May 19th.

Fidelity D & D Bancorp has raised its dividend payment by an average of 7.9% annually over the last three years and has increased its dividend annually for the last 7 consecutive years.

NASDAQ:FDBC opened at $35.91 on Wednesday. The firm has a market capitalization of $203.25 million, a PE ratio of 7.69 and a beta of 0.45. The business’s fifty day moving average price is $42.49 and its 200 day moving average price is $48.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.70 and a quick ratio of 0.70. Fidelity D & D Bancorp has a 12 month low of $34.20 and a 12 month high of $59.65.

A number of hedge funds have recently modified their holdings of FDBC. State Street Corp increased its stake in Fidelity D & D Bancorp by 1.7% in the first quarter. State Street Corp now owns 70,252 shares of the financial services provider’s stock valued at $3,262,000 after purchasing an additional 1,200 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Fidelity D & D Bancorp by 3.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 30,085 shares of the financial services provider’s stock valued at $1,517,000 after purchasing an additional 992 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Fidelity D & D Bancorp by 14.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,652 shares of the financial services provider’s stock worth $542,000 after buying an additional 1,453 shares in the last quarter. Morgan Stanley raised its holdings in shares of Fidelity D & D Bancorp by 147.4% in the 1st quarter. Morgan Stanley now owns 7,807 shares of the financial services provider’s stock worth $480,000 after purchasing an additional 4,652 shares in the last quarter. Finally, Zullo Investment Group Inc. purchased a new position in shares of Fidelity D & D Bancorp in the fourth quarter worth approximately $395,000. 14.78% of the stock is owned by hedge funds and other institutional investors.

Fidelity D & D Bancorp Company Profile (Get Rating)

Fidelity D & D Bancorp, Inc operates as the bank holding company for The Fidelity Deposit and Discount Bank that provides a range of banking, trust, and financial services to individuals, small businesses, and corporate customers. The company accepts savings, clubs, interest-bearing and non-interest-bearing checking, money market, and short- and long-term time deposits, as well as certificates of deposit.

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